# Fiat Inflationary Nightmare: How to Reform the Financial System

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Text version: https://stenobird.com/podcast/minor-issues-6016417/fiat-inflationary-nightmare-how-to-reform-the-financial-system.md
Podcast: [Minor Issues](https://stenobird.com/podcast/minor-issues-6016417)
Published: 2026-02-28T12:02:30+00:00
Episode link: https://mises.org/podcasts/minor-issues/fiat-inflationary-nightmare-how-reform-financial-system
Audio file: https://dts.podtrac.com/redirect.mp3/cdn.mises.org/2026-02/166_Minor-Issues_Thornton_20260228.mp3
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## Resource

On this episode of Minor Issues, Mark Thornton appears on Reinvent Money with Paul Buitink for a “state of the system” conversation. Mark breaks down the US economy as an “everything bubble,” explains what’s really behind the trade deficit and the dollar’s reserve status, and grades Trump’s first-year economic agenda. He closes with a practical Austrian roadmap toward sound money: real savings, capital accumulation, and removing tax penalties on interest, dividends, and long-term gains. The original episode is available at https://www.youtube.com/watch?v=mgqsHCQxSrw Order a free paperback copy of Hayek for the 21st Century by F. A. Hayek: https://mises.org/Hayek21 Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumbler Be sure to follow Minor Issues at https://Mises.org/MinorIssues

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## Transcript

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