Tuesday, April 10, 2012

Uneasy Does It

Growin' up, you don't see the writing on the wall
Passin' by, movin' straight ahead, you knew it all
--John Parr

Mises makes an astute (as always) observation: The fundamental driver of human action is the urge to remove uneasiness as far as possible.

In a way, this touches 2.1, 2.2, 3.2, 3.3, and 4.1 on our axiom list.

Stated differently, if we were totally comfortable, then we would feel little need to act.

1 comment:

dgeorge12358 said...

Market participants valued asset prices lower upon learning that the Federal Reserve may be Uneasy in the future.