Why We Need a Crash Landing

by
Mark Thornton
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In this episode, Mark explains why we need a Crash (or very Hard) Landing in the US economy and the world economy. Specifically, why is a crash landing better to resolve the malinvestments caused by the Fed? Why is a crash landing better in many ways for the productive class of workers and savers? And, how would a crash landing place much of the pain and the overall burden on the rich, politically-connected classes?

Be sure to follow Minor Issues at Mises.org/MinorIssues.

Additional Resources

"The Fed's Real Mandate": Mises.org/Minor33A

"Black Hole or Shock Absorber: How Does a Free-Market Economy Respond to Crises?": Mises.org/Minor33B

"The REAL Solution to the Coming Economic Crisis": Mises.org/Minor33C

"Eliminating Economic Crises": Mises.org/Minor33D

"Austerity: A Real Solution to Help Heal the US Economy": Mises.org/Minor33E

"US Labor Market: Help Wanted!": Mises.org/Minor33F

"After the Boom Must Come the Bust" (Radio Rothbard): Mises.org/Minor33G

"Here's What Mounting Corporate Layoffs Tell Us about the Economy" (Radio Rothbard): Mises.org/Minor33H

About Mark Thornton

Mark Thornton is Senior Fellow at the Mises Institute. He serves as the Book Review Editor of the Quarterly Journal of Austrian Economics. His publications include The Economics of Prohibition (1991), Tariffs, Blockades, and Inflation: The Economics of the Civil War (2004), The Quotable Mises (2005), The Bastiat Collection (2007), An Essay on Economic Theory (2010), The Bastiat Reader (2014), and The Skyscraper Curse and How Austrian Economists Predicted Every Major Crisis of the Last Century (2018).

My articlesMy siteAbout meMy books
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