National Debt

On this episode of Minor Issues, Mark Thornton examines the economic consequences of America’s growing national debt and the political incentives that keep government borrowing and spending expanding.

Drawing on historical examples and Austrian economic theory, Mark explains how government debt diverts resources from productive investment, undermines wage growth, and encourages inflation. He also challenges conventional GDP accounting and mainstream economists who downplay the dangers of public debt, arguing that today’s borrowing comes at the expense of future prosperity.

Additional Resources

“The Everything Bubble: Where Is the Risk Hiding?” (The Kinvestor Report): https://youtu.be/l84jqgAy8lc

“Why Governments Are Preparing For Crisis” (Liberty and Finance): https://youtu.be/jcqPKo4W5VM

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