I explore the connection between pragmatism and common sense by reflecting upon two seemingly contrasting Peircean remarks about the pragmatic method: (a) its “basis on the doctrine of common sense” and (b) the recommendation that a proposition p be explicated in light of critical, deliberate, or “self-controlled” conduct ensuing from a belief that p. I show that Peirce’s focus on phenomena of self-control is situated within his broader interest in the nature of reasoning. The “secret of rational consciousness,” according to Peirce, does not consist in the reflective or self-conscious nature of our most deliberate forms of conduct, per se, “as in the review of the process of self-control in its entirety.” The rationality of an inference consists in its capacity to restore the stability our “acritical” beliefs enjoyed before being unsettled by doubts. On this view, Peirce’s pragmatic theory of rational inquiry as aiming at the fixation of belief depends on a conception of belief as constituted by a tendency toward stability. In the rest of the paper, I argue that this conception avoids the shortcoming of purely “motivational” accounts of belief without denying this status of belief to our acritical intellectual dispositions – a denial which is often implied by standard “truth-directed” accounts.