The K-Shaped Economy
Minor Issues
- Published
- December 6, 2025
- Summary source
- description
- Last updated
- Jul 5, 2026
Discusses On the latest episode of Minor Issues, Mark Thornton takes apart the media’s “K-shaped economy” clic…
Summary
On the latest episode of Minor Issues, Mark Thornton takes apart the media’s “K-shaped economy” cliché. He explains the divergence the Austrian way: Cantillon effects from decades of deficit spending and artificially low rates that lift asset holders and big borrowers, while eroding wages and pricing-out families. Mark shows why the usual fixes like tax t…
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Show notes
On the latest episode of Minor Issues, Mark Thornton takes apart the media’s “K-shaped economy” cliché. He explains the divergence the Austrian way: Cantillon effects from decades of deficit spending and artificially low rates that lift asset holders and big borrowers, while eroding wages and pricing-out families. Mark shows why the usual fixes like tax tweaks and rate cuts backfire. He also lays out a real cure: deep federal spending cuts, program eliminations, market-set interest rates, and so