Are Economic Crises and Crashes Inevitable?

21 Mar 2025 • 9 min • EN
9 min
00:00
09:31
No file found

Economic crises don’t just happen—they follow a predictable pattern of boom, bubble, and bust. In this episode, Mark Thornton exposes the true cause of economic crashes: government intervention in money and banking. From the Dutch Tulip Bubble to the Great Depression and beyond, Mark traces how central banks, inflationary policies, and reckless government spending set the stage for financial collapses. Mainstream economists blame "animal spirits," psychological instability, or capitalism itself, but what if the real culprits are the very institutions claiming to prevent crises? Tune in to uncover the truth behind booms, busts, and the destructive cycle of intervention. Additional Resources Playing with Fire: Money, Banking, and the Federal Reserve: https://Mises.org/Fire Early Speculative Bubbles and Increases in the Supply of Money by Doug French: https://Mises.org/Bubbles The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Mark Thornton: https://Mises.org/Curse Be sure to follow Minor Issues at https://Mises.org/MinorIssues

From "Mises Institute"

Listen on your iPhone

Download our iOS app and listen to interviews anywhere. Enjoy all of the listener functions in one slick package. Why not give it a try?

App Store Logo
application screenshot

Popular categories