Mark Thornton returns as a guest on the Liberty and Finance podcast with Dunagun Kaiser to walk through Ludwig von Mises’s three stages of inflation, and why today’s mix of towering deficits and money printing puts the US on the on-ramp to hyperinflation. Mark also connects sanctions and tariffs to global de-dollarization, explains why central banks are swapping Treasuries for gold, and breaks down his gold-to-silver trade. The conversation ranges from “black swans” to state-level sound-money moves, and closes with practical steps. Additional Resources Visit Liberty and Finance at https://libertyandfinance.com "Black Swans, Sequestered Capital, and the Next Bust” (Minor Issues): https://mises.org/MI_137 Donate $5 today to support the Mises Institute's Fall Campaign and receive a physical copy of Hayek for the 21st Century: https://mises.org/mi25 A special bonus offer for Minor Issues listeners: donate to the Mises Institute's Fall Campaign and receive a signed copy of Free Trade in the 21st Century: https://mises.org/mi25 Be sure to follow Minor Issues at https://Mises.org/MinorIssues
