# Gold, Socialism, and the Crisis of the Dollar

Page: https://stenobird.com/podcast/minor-issues-6016417/gold-socialism-and-the-crisis-of-the-dollar
Text version: https://stenobird.com/podcast/minor-issues-6016417/gold-socialism-and-the-crisis-of-the-dollar.md
Podcast: [Minor Issues](https://stenobird.com/podcast/minor-issues-6016417)
Published: 2026-08-01T11:00:00+00:00
Episode link: https://mises.org/podcasts/minor-issues/gold-socialism-and-crisis-dollar
Audio file: https://dts.podtrac.com/redirect.mp3/cdn.mises.org/2026-07/188_Minor-Issues_Thornton_20260731.mp3
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## Resource

Mark Thornton opens this triple-header episode with a live Radio Rothbard appearance from Mises University, joining Ryan McMaken to discuss inflation, the K-shaped economy, asset prices, debt, the dollar, and why Austrian theory explains what mainstream accounts leave out. Thornton argues that monetary inflation benefits asset owners and government-connected interests first, while working households face higher prices long before wages catch up. On Side B, Mark joins Freedom Works interview on democratic socialism, where he explains why young Americans are drawn to socialism, how government intervention created many of their grievances, and why free markets remain the real path forward. The episode closes with Wall Street Bullion to discuss gold, silver, energy, debt service, the weakening dollar, BRICS, the petrodollar, and the economic fallout from war in the Persian Gulf. 2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of The Case for a 100 Percent Gold Dollar through August 31. Grab yours today at https://mises.org/issuesfree 20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler . Use coupon code Thornton. Be sure to follow Minor Issues at https://Mises.org/MinorIssues

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## Transcript

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