Freeman

October 2011

Volume 61, 2011

Art Carden and Steven Horwitz remind us of the Progressive Era's ugly past, James Ahiakpor catches Ben Bernanke in a contradiction, Bruce Edward Walker pays tribute to Koestler's Darkness at Noon, Joseph Stromberg debunks the Gilded Age, and much more.


FEATURES

The New Fed

SEPTEMBER 21, 2011 by SHELDON RICHMAN
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December 2014

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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