Why Empire is a Money-Losing Proposition

Tags: Interventionism, The Fed, Money and Banks, U.S. Economy

10/17/2013 Mark Thornton

Interviewed by Scott Horton, Mark Thornton discusses why we need to lower the debt ceiling; the dangers of a depreciating dollar; why the NSA’s spy data is more useful for blackmail than fighting terrorism; and the Fed’s money-creation shell game.

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.