Mark Thornton on the “Synthetic Boom”
About this episode
Mark Thornton discusses the implications of cheap money on the financial system and investment through Austrian business cycle theory in an interview with Aaron Hodnett.
On this Minor Issues episode, Mark Thornton shares his recent interview with "Pinnacle Digest" host Aaron Hodnett. Mark uses Austrian business cycle theory to explain how “cheap money” distorts investment and leaves a fragile financial system that eventually has to correct. They dig into timing and market signals, what might finally expose the long-running “papered-over” boom, and how the Federal Reserve and policymakers typically respond when the cycle turns. 20% off listener offer on the new insulated Minor Issues tumbler and three of Mark's books, signed if ordered by the end of April: https://mises.org/MinorIssuesTumbler . Use coupon code Thornton. Be sure to follow Minor Issues at https://Mises.org/MinorIssues
Topics covered
- Austrian business cycle theory
- financial system
- cheap money
- investment distortion
- market signals
- Federal Reserve response
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