On this episode, Mark Thornton gives a crash course on the sleight-of-hand world of inflation, how it really works, why the official story doesn’t add up, and who benefits from the illusion. Drawing on Austrian insights, Mark dissects the politically engineered cycle of government overspending, Treasury bond issuance, and Federal Reserve money creation. You’ll learn how inflation doesn’t just “happen”: it’s a deliberate policy that distorts markets, transfers wealth, and props up an elite few while undermining the productive economy. The Fed’s role isn’t heroic. It’s central to the problem.

Additional Resources

"What Is Inflation? Clarifying and Justifying Rothbard’s Definition" by Kristoffer Hansen and Jonathan Newman (Quarterly Journal of Austrian Economics): https://mises.org/MI_130_A

"Too Much Money Portends High Inflation" by John Greenwood and Steve Hanke (Wall Street Journal): https://mises.org/MI_130_B

Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25

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