Ep. 15 Dr. Mark Thornton on Predicting Recessions and Economists Who Never Learn

Economist Mark Thornton joins me to talk about the economists who accurately predict recessions and those who don't. Thornton is the author of "The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century." Thornton predicted the housing crash back when everyone else thought times were good. Austrian Economists have a pretty good track record in this regard. We discuss Austrians and their predictions going all the way back to the Great Depression. Thornton is Senior Fellow at the Mises Institute and serves as the Book Review Editor of the Quarterly Journal of Austrian Economics. Dr. Thornton has been featured in American Spectator, Barron's, Bloomberg, Christian Science Monitor, The Economist, Forbes, Investors' Business Daily, Le Monde, New York Post, New York Times, USA Today, Wall Street Journal, Economic Times (India), Financial Times (Norway), and Tejarat-e-Farda (Iran). He has also had regular multiple appearances on Russia Today and Press TV. Skyscraper Curse link: https://cdn.mises.org/The%20Skyscraper%20Curse.pdf Mises Institute link: https://mises.org/