In this episode, Mark Thornton explores the looming threat of hyperinflation in the US. With the national debt soaring past $33 trillion and future obligations exceeding $100 trillion, can America avoid a financial crisis where prices skyrocket out of control?
Mark examines historical hyperinflations in leading economies like France and Germany, and how excessive government spending and debt played a role. Drawing on the insights of Ludwig von Mises, Mark dissects the three phases of inflation and what happens when the public loses faith in holding money.
Is hyperinflation merely an accounting problem, or does it portend economic ruin and societal breakdown? Tune in to find out, and to explore the potential consequences for our future.
Additional Resources
“Hyperinflation, Money Demand, and the Crack-Up Boom” by Thorsten Polleit: https://mises.org/MI_116_A
“Hyperinflation and the Destruction of Human Personality” by Joseph T. Salerno: https://mises.org/MI_116_B
Further Readings on Hyperinflation (Oxford University Mises Society): https://mises.org/MI_116_C
Economic Policy: Thoughts for Today and Tomorrow by Ludwig von Mises: https://mises.org/MI_116_D
The Theory of Money and Credit by Ludwig von Mises: https://mises.org/MI_116_E
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