About this episode

Mark Thornton discusses the implications of Kevin Warsh's first Fed meeting and the ongoing issues within the economy.

Mark Thornton examines Kevin Warsh’s first Fed meeting and argues that despite the tough rhetoric, nothing fundamental has changed. The Federal Reserve still exists to keep government borrowing cheap, protect banks and Wall Street, and manage appearances while real inflation erodes household purchasing power. Mark explains why real interest rates are already low or negative, how Fed liquidity continues to fuel asset bubbles, and why AI, data centers, government debt, and stock-market leverage all point to late-stage business-cycle danger.  On Side B, Thornton joins Murray Sabrin to discuss the economy, the Skyscraper Curse, gold, commodities, and the practical habits that help people navigate a rigged monetary system. 2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/issuesfree Register for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire 20% off listener offer on the insulated Minor Issues tumbler and three of Mark's…

People in this episode

Host: Mark Thornton

Guest: Murray Sabrin

Topics covered

• Federal Reserve
• economy
• inflation
• business cycle
• monetary system
• asset bubbles

Keywords

• Federal Reserve
• inflation
• interest rates
• asset bubbles
• monetary policy
• Skyscraper Curse
• gold
• commodities

Sponsors

Mises

Mentioned in this episode

Organizations: Federal Reserve, Mises, Keynes the Man, Minor Issues

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