Ep. 5717 - Mark Thornton on Paper Money, Housing Bubbles and Free Trade - 5/25/22

Scott is joined by Mark Thornton, Senior Fellow at the Mises Institute, to discuss an article he wrote recently on the current housing bubble. They begin by discussing the damage that unbacked government-managed paper money does to the United States and the world. They relate that back to our current economic situation where we are feeling the effects of the enormous monetary expansion the Fed unleashed in 2020. Next, they turn to housing where Thornton, who was an early observer of the housing bubble that crashed in 2007, explains how that bubble has evolved into what we have today. Lastly, they discuss the virtues of free trade and the problems with government-run “free trade blocs.”

Check out the interview page here: Check out the interview page here: https://scotthorton.org/interviews/5-25-22-mark-thornton-on-paper-money-housing-bubbles-and-free-trade/

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For more on Scott's work:
Check out The Libertarian Institute: https://www.libertarianinstitute.org
Read Scott's latest book, Enough Already: Time to End the War on Terrorism:
https://amzn.to/3tgMCdw
Read Scott's first book, Fool's Errand: Time to End the War in Afghanistan: https://foolserrand.us
Follow Scott on Twitter using the handle @scotthortonshow: https://twitter.com/scotthortonshow
Like Scott's Facebook Page: https://www.facebook.com/scotthortons...
And check out Scott's full interview archives: https://scotthorton.org/all-interview...

You can also support Scott's work by making a one-time or recurring donation at https://scotthorton.org/donate/
Or you can donate per interview at Patreon: https://www.patreon.com/scotthortonshow