The “Old Lady” Hasn’t a Clue
![Audio Mises Daily](https://cdn.mises.org/styles/responsive_4_3_650w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=HX5j0Mze 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=7si7BCUy 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=xLspfHof 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=yGSOJ_DF 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=JPh5-XGS 1530w)
A recorded mini lecture and video display purported to explain this mysterious phenomenon (mysterious to the Old Lady of Threadneedle Street, anyway). I knew that I was going to hear either a self-critical explanation or, more likely, some hogwash. Hogwash won, hands down, writes Patrick Barron.
This audio Mises Daily is narrated by Nathaniel Foote.