Mises Media

In this episode, Mark Thornton explores the looming threat of hyperinflation in the US. With the national debt soaring past $33 trillion and future obligations exceeding $100 trillion, can America avoid a financial crisis where prices skyrocket out of control?

Mark examines historical hyperinflations in leading economies like France and Germany, and how excessive government spending and debt played a role. Drawing on the insights of Ludwig von Mises, Mark dissects the three phases of inflation and what happens when the public loses faith in holding money.

Is hyperinflation merely an accounting problem, or does it portend...

The Modern Monetary Theory (MMT) crowd prides itself on fidelity to actual history. But Murphy shows how leading MMT guru Randall Wray completely distorts his discussion of two historical episodes in his college lecture.

Wray, "Modern Money Theory for Beginners": Mises.org/HAP496aThe NBER Paper on Colonial Virginia's Money Regime: Mises.org/HAP496bNPR Planet Money, "A Giant Stone Coin At The Bottom Of The Sea": Mises.org/HAP496cMilton Friedman, "The Island Of Stone Money": Mises.org/HAP496dBob's Article, "MMT and Treasury Debt Payoff": Mises.org/HAP496e

The Mises Institute is giving away 100,000...

Donald Trump says he plans for a big 12% jump in military spending, he has threatened war with Iran, and has escalated the war with the Houthis. None of this has anything to do with defending the United States. 

Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.

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Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PR...

President Trump has threatened to use the armed forces to go after the drug cartels in Mexico. Escalating the disastrous War on Drugs by incorporating the failed strategies of the War on Terror is a terrible idea.

Read the article here: https://mises.org/mises-wire/bringing-war-terror-our-southern-border-can-only-end-disaster

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://mises.org/gabfreebook

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You’ve heard endless debate about the trade deficit, but what about its evil twin, the budget deficit? In this episode, Mark Thornton untangles the truth behind the so-called “twin deficits,” revealing why trade imbalances aren’t necessarily bad, and how government borrowing distorts investment, fuels inflation, and weakens long-term prosperity. Mark cuts through the economic fog and shows what’s really dragging us down.

Additional Resources

“Trade Deficits and Fiat Currencies” by Robert Murphy: mises.org/MI_115_A

“The Evil Twins: U.S. Federal Budget Deficits and U.S. Trade” by Jane L. Johnson: mises.org/MI_115_B...

The Preface to Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

Part Three: Gratuitous Goods and the State

Chapter 11 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 333–364 in the print edition.

Part Two: Gratuitous Goods in a Free Economy

Chapter 5 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 137–178 in the print edition.

Part One: The Nature of Gratuitous Goods

Chapter 4 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 117–136 in the print edition.

Part One: The Nature of Gratuitous Goods

Chapter 3 of Abundance, Generosity, and the State: An Inquiry into Economic Principles audiobook.

From pp. 95–116 in the print edition.