The Human Action Podcast

Home | Mises Library | Dr. Mark Thornton: Central Bankers Don't Understand Booms and Busts

Dr. Mark Thornton: Central Bankers Don't Understand Booms and Busts

Mark Thornton on Mises Weekends

Tags Booms and BustsThe FedFinancial MarketsGlobal Economy

01/22/2016Mark ThorntonJeff Deist

Our guest this weekend is Dr. Mark Thornton, a senior fellow here at the Mises Institute, and our topic is booms and busts. Falling stock prices are in the news lately, so Mark and Jeff talk about how and why central bankers don't understand deflation, whether they are really Keynesians or some variant thereof, what a "crack-up boom" might look like, and what the Skyscraper Index and other symptoms of irrational spending might tell us about the future of the global economy.

Note: The views expressed on are not necessarily those of the Mises Institute.

Contact Mark Thornton

Mark Thornton is a Senior Fellow at the Mises Institute and the book review editor of the Quarterly Journal of Austrian Economics. He has authored seven books and is a frequent guest on national radio shows.

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; Twitter.

When commenting, please post a concise, civil, and informative comment. Full comment policy here
Shield icon view