The Seven Deadly Economic Sins
Minor Issues
- Published
- November 22, 2025
- Summary source
- description
- Last updated
- Jul 5, 2026
Discusses Mark Thornton traces seven headline “problems” back to one engine: monetary inflation. Drawing on Au…
Summary
Mark Thornton traces seven headline “problems” back to one engine: monetary inflation. Drawing on Austrian insights, Mark explains how new money distorts prices and wages; why cheap credit spawns debt booms, asset bubbles, and zombie firms; how deficit finance and central banking turn war into a budget line; and why rising prices erode family formation, s…
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Show notes
Mark Thornton traces seven headline “problems” back to one engine: monetary inflation. Drawing on Austrian insights, Mark explains how new money distorts prices and wages; why cheap credit spawns debt booms, asset bubbles, and zombie firms; how deficit finance and central banking turn war into a budget line; and why rising prices erode family formation, savings, and civic trust. He connects the dots to today’s policy mix and sketches a bottom-up remedy: hard budget constraints, sound money, and