This puts Rand within the general consensus of American psychologists.
At the time, or now? Because hypnosis is a demonstrably effective treatment for some conditions, and clearly something is going on- but people vary in susceptibility and most people are familiar with the variety of hypnosis that stage magicians do rather than the type that hypnotherapists do.
At that time, though I think much of hypnosis can be explained by the placebo effect.
Another month, another rationality quotes thread. The rules are: