9/7/17 Mark Thornton on the Austrian Business Cycle Theory and where we are today

Senior fellow of the Mises Institute Mark Thornton returns to the show to discuss Austrian business cycle theory, how the Fed’s artificially low interest rates create perverse incentives, resulting in wild spending on both the production and consumer sides of the economy. Thornton discusses the crash of the stock market in the 1970s after Richard Nixon took the United States off the gold standard, which … Continue reading 9/7/17 Mark Thornton on the Austrian Business Cycle Theory and where we are today »