Our Current Economic Predicament

Tags: Money and Banks, Taxes and Spending, U.S. Economy

10/08/2013 Mark Thornton

Interviewed by Merlin Rothfeld and John O’Donnell, Mark Thornton offers an Austrian perspective on our current predicament in the U.S., presents potential likely outcomes, and proposes solutions which may help the U.S. government get out from under its current mountain of debt.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.