In the wake of the financial crisis of 2008, the economics profession suffered a blow to what reputation it had. But unlike most of his colleagues, Mark Thornton was vindicated by 2008. Mark has been a voice of sanity at times when the wild interventions of the Federal Reserve have caused otherwise sensible people to lose their minds.
This collection serves the valuable purpose of defending the market economy against the conventional view that freedom has failed us and we need still more controls. We had plenty of rules and bureaucrats on the eve of the financial crisis. A lot of good that did us. Pretty much none of them saw any problems on the horizon.
Maybe we should consider a real free market, with sound money and market interest rates, and abolish the giant bubble machine once and for all. Read Mark Thornton and you’ll entertain this and other forbidden thoughts.
From the Foreword by Thomas E. Woods, Jr.
Mark Thornton is the Peterson-Luddy Chair in Austrian Economics and a Senior Fellow at the Mises Institute. He is the book review editor of the Quarterly Journal of Austrian Economics, and has authored seven books and is a frequent guest on national radio shows.
Mises Institute Senior Fellow Mark Thornton joins Wall Street Bullion to discuss the outlook for gold and silver, the consequences of decades of monetary inflation, and the growing risks created by Federal Reserve policy and government debt. Thornton also explains why younger Americans are increasingly feeling the effects of the fiat-money system—and what a more resilient, bottom-up approach to protecting wealth might look like in the years ahead.
Mark Thornton explains how government intervention creates inequality, privileging protected industries and politically connected insiders while pushing costs onto everyone else.
Dr. Mark Thornton of the Mises Institute joins VRIC Media to discuss what may really be driving Federal Reserve policy—and why the Fed’s priorities may have far more to do with government debt, financial markets, and confidence in the dollar than simply controlling inflation.
The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century
by Mark Thornton
Mises Institute, 2018
hardback edition: 978-1-61016-683-6
paperback edition: 978-1-61016-684-3
large print edition: 978-1-61016-685-0
epub edition: 978-1-61016-688-1
Online edition, June 2018.
