📰 Source: youtube | misesmedia

✍️ Original author: misesmedia

⬆️ score: 2,308

Fresh from the Tenth Madrid Conference on Austrian Economics, Mark Thornton reflects on the enthusiasm for free-market ideas. He then examines mounting government debt, European energy shortages, political unrest, and the threat of renewed war with Iran. Mark argues that these overlapping crises expose the failures of Western statism and warns that the coming months could be especially unpredictable.

0:00 Back from the Madrid Conference on Austrian Economics 1:21 Studying Austrian economics in Madrid, in English 2:29 Milei credits Rothbard as his turning point 3:40 State socialism is failing across the West 4:18 Protests in Europe and London’s call to stock up 4:54 The Department of War goes off grid 6:58 Government debt above 100% of GDP, with one exception 8:48 Reinhart and Rogoff’s 90% debt threshold 11:06 Europe’s energy squeeze heading into winter 13:28 Lame ducks, distrust, and political violence 15:28 Iran after the election, and what it means for oil 16:55 Stacking risks throu…

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