Early Innings for Gold, Late Stage for Fiat
Minor Issues
- Published
- December 10, 2025
- Summary source
- description
- Last updated
- Apr 26, 2026
Discusses In this special mid-week episode of Minor Issues, Mark Thornton joins Julia LaRoche for a wide-angle…
Summary
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 cur…
Show notes
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 decent