Freeman

May 1988

Volume 38, 1988

FEATURES

Democracy's Road to Tyranny

MAY 01, 1988 by ERIK KUEHNELT-LEDDIHN

Historically, this process has occurred in three quite different ways.

Caveat Emptor

JANUARY 01, 1968 by GEORGE WINDER

From Britain comes word that overprotection of consumers can destroy freedom of choice.

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Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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