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.
Tuesday, April 10, 2012
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1 comment:
Market participants valued asset prices lower upon learning that the Federal Reserve may be Uneasy in the future.
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