Debt, War, and the Tangled Web
from Mises Media Hosted by Mark Thornton
Mark Thornton opens with Sir Walter Scott’s famous “tangled web” line, using John Law’s Mississippi Bubble and Richard Cantillon’s response to frame today’s financial disorder: national debt, a bond bear market, dollar manipulation, trade war, stock-market fragility, and overseas conflicts. Download An Essay on Economic Theory by Richard Cantillon, available for free in PDF, ePub, and as an audiobook: https://mises.org/library/book/essay-economic-theory On Side B, Thornton discusses the Fed’s first rate hike in three years, the debt trap facing the Treasury market, the energy shock from the Persian Gulf war, the declining global trust in the dollar, and the AI data-center boom as this cycle’s “skyscraper curse” signal. He closes by arguing that gold’s resilience and central-bank accumulation point toward a growing loss of confidence in the paper-money system. 2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Economic Depressions: Their Cause and Cure through September 30. Grab yours today at https://mises.org/issuesfree 20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Be sure to follow Minor Issues at https://Mises.org/MinorIssues
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