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5/25/22 Mark Thornton on Paper Money, Housing Bubbles and Free Trade

5/25/22 Mark Thornton on Paper Money, Housing Bubbles and Free Trade

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Scott is joined by Mark Thornton, Senior Fellow at the Mises Institute, to discuss an article he wrote recently on the current housing bubble. They begin by discussing the damage that unbacked government-managed paper money does to the United States and the world. They relate that back to our current economic situation where we are feeling the effects of the enormous monetary expansion the Fed unleashed in 2020. Next, they turn to housing where Thornton, who was an early observer of the housing bubble that crashed in 2007, explains how that bubble has evolved into what we have today. Lastly, they discuss the virtues of free trade and the problems with government-run “free trade blocs.” 

Discussed on the show:

Mark Thornton is a senior fellow at the Mises Institute. His most recent book is The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century. Follow him on Twitter @DrMarkThornton 

This episode of the Scott Horton Show is sponsored by: The War State and Why The Vietnam War?, by Mike Swanson; Tom Woods’ Liberty Classroom;; EasyShip; Free Range Feeder; Thc Hemp Spot; Green Mill Supercritical; Bug-A-Salt and Listen and Think Audio.

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About Scott Horton

Scott Horton is director of the Libertarian Institute, editorial director of, host of Antiwar Radio on Pacifica, 90.7 FM KPFK in Los Angeles, California and podcasts the Scott Horton Show from He's the author of the 2021 book Enough Already: Time to End the War on Terrorism, the 2017 book, Fool's Errand:Time to End the War in Afghanistan, editor of the 2019 book The Great Ron Paul: The Scott Horton Show Interviews 2004–2019 and the 2022 book Hotter Than The Sun: Time to Abolish Nuclear Weapons. He’s conducted more than 5,800 interviews since 2003. Scott lives in Austin, Texas with his wife, Larisa Alexandrovna Horton.

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