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businessDec 10, 2025pending

Early Innings for Gold, Late Stage for Fiat

Minor Issues

About this episode

In this special mid-week episode of Minor Issues, Mark Thornton joins Julia LaRoche for a wide-angle tour of the macro landscape, and why gold’s surge is a market verdict on deficits, rate manipulation, and fiat fatigue. Mark outlines the Austrian business cycle story behind today’s “everything bubble,” and explains why a more dovish Fed in 2026 won’t cure malinvestment. He also contrasts Bitcoin with commodity money and sketches a practical exit: sound money, hard budget constraints, and decentralization.

Check out The Julia LaRoche Show at https://JuliaLaRoche.com

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

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Early Innings for Gold, Late Stage for Fiat

Minor Issues

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