What are the odds?
Yesterday I was reading Mises — back in the 1950s he casually mentions that some economists were pushing the idea that business cycles follow a clear 11-year rhythm tied to sunspots and solar activity.
He dismissed it as nonsense 75 years ago…
But here we are, decades later, and there’s still some weird correlation showing up. 🤔 Maybe this is another rabbit hole I need to dive into. Any suggestions? #asknostr
Suspicious observers and the thunderbolts project are tangentially related.
And if you think I’m making this up, here are the receipts:
Translation for the bottom part: In the 19th century, growth and depression phases alternated pretty much like clockwork. That was the classic view of the economic cycle: once normal conditions came back, people and governments called for a new credit expansion, and the cycle would start over.
Over time, folks got used to thinking of the cycle as an inevitable feature of the economy, and researchers tried to figure out how long it lasted. But all attempts to nail down its duration ended up producing wild, unrealistic results. Some economists claimed the cycle lasted 11 years, which led to the idea that the cycle wasn’t caused by society or people but by cosmic factors — like sunspots. These theories were just shots in the dark. First off, it’s not true that the cycle lasts exactly 11 years. But even if it did, why would businesses that adapt to nature, climate, and soil fertility blindly follow such cosmic rhythms?
And the even weirder coincidence: I read this on June 21, the friggin summer solstice. And just a few hours later the US bombs Iran. I mean wtf 😬
There are no coincidences. You were meant to read it as much as you were meant to share it. We all walk paths of fate guided by larger energies than we can comprehend 🙌
