Episode
Politics as Power: Elites, Inflation, and the Austrian Answer
- Podcast
- Minor Issues
- Published
- Jun 27, 2026
- Processing state
not_requested- Canonical source
- https://mises.org/podcasts/minor-issues/politics-power-elites-inflation-and-austrian-answer
Actions
POST https://stenobird.com/v1/public/podcasts/minor-issues-6016417/episodes/politics-as-power-elites-inflation-and-the-austrian-answer/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/minor-issues-6016417/politics-as-power-elites-inflation-and-the-austrian-answer.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
Mark Thornton opens this episode of Minor Issues by tracing how politics shifted from the classical ideal of justice and community order into a Machiavellian struggle for power, privilege, and control. He argues that modern politics is dominated by entrenched elites, special interests, propaganda networks, and a two-party system designed to keep ordinary voters alienated and powerless. On Side B, Mark joins Adrian Day and Rich Checkan for a wide-ranging discussion of inflation, debt, financial repression, gold, commodities, artificial intelligence, the Austrian business cycle, and the rise of socialist sentiment among younger Americans. Mark explains why learning Austrian economics is essential for understanding markets, government failure, and the crises ahead. 2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Keynes the Man through June 30. 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