Why the AI Rush, Rising Bond Yields, and the Gulf Point to a Bust

Paul Buitink of Reinvent Money interviews Mises Institute economist Mark Thornton on AI, debt, and the Middle East. Thornton sees the AI build-out as an Austrian boom: cheap credit funneled cash and borrowing into chips, data centers, and models with unproven revenues. He calls demands for government brakes scare stories meant to lock in incumbents. Deficits, he says, cannot be grown away. A forty-year decline in yields has broken, and attempts to lean on Treasuries, the dollar, and gold and silver amount to market manipulation. On Iran he argues the U.S. is poorly placed, with lasting risks to energy, food, and markets.