Podcast
Behind the Bastards
It was described as a book where the main character is the price of wheat as a commodity. The Mises Institute hosted it online for free, and it was mentioned as being very insufferable.
One of his books is called Satan's Bushel.
— Episode: Part Two: How The Rich Ate Christianity
Episode: Part Two: How The Rich Ate Christianity
It was described as a book where the main character is the price of wheat as a commodity. The Mises Institute hosted it online for free, and it was mentioned as being very insufferable.
One of his books is called Satan's Bushel.
What is Satan's Bushel? It is the last bushel that the farmer puts on the market that breaks the price, that is reduces it to the point that wheat farming is no longer profitable.
The puzzle that afflicts the wheat farmers is that they sell their goods when the price is low and have no goods to sell when the price is high.
Withholding goods from the market is one answer, but why should any farmer do that?
What is the answer to this problem? Working from this premise then, as implausible as it may sound, but the central figure in this book is the price of wheat. It is the main source of drama.