The West’s Gathering Storm

Fresh from the Tenth Madrid Conference on Austrian Economics, Mark Thornton reflects on the enthusiasm for free-market ideas. He then examines mounting government debt, European energy shortages, political unrest, and the threat of renewed war with Iran. Mark argues that these overlapping crises expose the failures of Western statism and warns that the coming months could be especially unpredictable.

For more information about the 2026 Madrid Conference, visit https://masterescuelaaustriaca.es/en/madrid-annual-conference-on-austrian-economics-2. For more information on the master’s degree program in Austrian economics at Universidad Rey Juan Carlos, visit https://masterescuelaaustriaca.es/en.

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