Episode 93: GoldMoney’s Andy Duncan talks to Professor Mark Thornton, Senior Fellow at the Ludwig von Mises Institute, about a recent Mises Daily article he wrote entitled, ‘Where Is the Inflation?‘, which explains how monetary inflation is seeping into the US economy.
They also discuss the Federal Reserve’s policy of recapitalising and protecting America’s “Mega Banks”, and what this policy means for the future gold price. In the second half of the interview, they discuss the Irish economist Richard Cantillon. Cantillon was heavily involved in the Mississippi bubble in pre-revolutionary France, and his book – first written in 1730 – was the first truly modern treatise on economics. Professor Thornton edited a recent translation of this book: An Essay on Economic Theory.
They wrap up the interview by discussing the Professor’s latest works on the economics of prohibition.
This podcast was recorded on 23 January and previously published at GoldMoney.com.