And it was realized that there is an inevitable unity to market phenomena that even power cannot undermine. It was discovered that in the social arena there is something at work that even the one holding power cannot bend and to which, in achieving his ends, he must conform no differently than in submitting to the laws of nature. In the entire history of human thought and the sciences, there has never been a greater discovery.
That’s from the great Ludwig von Mises, The Myth of the Failure of Capitalism in Volume 2 of the Selected Writings of Ludwig von Mises (sourced at the Mises Blog)
Many people carry the insane notion that they can defeat the laws of nature whether in sports, the financial markets, economics or socio-political policies. And the crowd just loves them. Unfortunately nature eventually prevails and exposes the fabled emperor has really no clothes.
At the end of the day, the market system conforms best to the laws of nature.
