{"podcast":{"title":"The Julia La Roche Show","slug":"the-julia-la-roche-show-5842803","podcast_index_feed_id":5842803,"rss_url":"https://anchor.fm/s/41aa63c4/podcast/rss","website_url":"https://podcasters.spotify.com/pod/show/julia-la-roche","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_nologo/10916857/10916857-1660085096509-ec2c80bf0ad2a.jpg","author":"Julia La Roche","episode_count":395,"summary":"Julia La Roche brings her listeners in-depth conversations with some of the top CEOs, investors, founders, academics, and rising stars in business. Guests on \"The Julia La Roche Show\" have included Bill Ackman, Ray Dalio, Marc Benioff, Kyle Bass, Hugh Hendry, Nassim Taleb, Nouriel Roubini, David Friedberg, Anthony Scaramucci, Scott Galloway, Brent Johnson, Jim Rickards, Danielle DiMartino Booth, Carol Roth, Neil Howe, Jim Rogers, Jim Bianco, Josh Brown, and many more. Julia always makes the show about the guest, never the host. She speaks less and listens more. She always does her homework.","last_synced_at":"2026-07-24T00:18:02.386758+00:00","page_url":"https://stenobird.com/podcast/the-julia-la-roche-show-5842803"},"episode":{"title":"#361 Dr. Mark Thornton: We're on the Highway to Hyperinflation","slug":"361-dr-mark-thornton-we-re-on-the-highway-to-hyperinflation","published_at":"2026-04-21T12:00:00+00:00","page_url":"https://stenobird.com/podcast/the-julia-la-roche-show-5842803/361-dr-mark-thornton-we-re-on-the-highway-to-hyperinflation","show_page_url":"https://stenobird.com/podcast/the-julia-la-roche-show-5842803","url":"https://podcasters.spotify.com/pod/show/julia-la-roche/episodes/361-Dr--Mark-Thornton-Were-on-the-Highway-to-Hyperinflation-e3i72l3","audio_url":"https://traffic.megaphone.fm/APO9897157541.mp3","summary":"Dr. Mark Thornton, Senior Fellow at the Mises Institute and Austrian economist, returns to the show to deliver a sweeping macro warning rooted in Austrian business cycle theory. After 16 years of Fed-fueled boom, he argues we are somewhere in the middle of a cycle that ends in crisis. He unpacks the Cantillon Effect and its direct link to the K-shaped economy, explains why gold is both a canary in the coal mine and a personal financial fire extinguisher, and makes the case that the petrodollar is unraveling in real time — pushing us further down what he calls "the highway to hyperinflation." Despite the dark outlook, Dr. Thornton closes with genuine optimism: Austrian economics is experiencing a rebirth, and the bottom-up solutions it champions are resonating louder than ever. Links X: https://x.com/DrMarkThornton Free Hayek book: https://store.mises.org/Hayek-for-the-21st-Century-P11367.aspx Mises Institute: https://mises.org/profile/mark-thornton Timestamps: 0:00 Intro and welcome Dr. Mark Thornton 1:24 – 16 years of boom: What the Fed has really been doing 3:45 – The K-shaped economy and who's actually winning 6:32 – Where are we in the cycle? Signposts that worry him most 8:17 – Private equity, private credit & "sequestered capital" 10:20 – How Dr. Thornton discovered Austrian economics 7:57 – The Cantillon Effect explained: Who gets new money first 20:48 – The Skyscraper Index: Record buildings predict crises 23:25 – Bubbles, billionaires & trillion-dollar fortunes 25:23 – Federal Reserve outlook: Rate cuts off the table? 27:15 – Kevin Warsh, the Fed's "real mandate" & what they won't admit 29:40 – Gold, silver & oil: What precious metals are telling us now 31:30 – Gold as a "canary in the coal mine" AND a &q…","meta_description":"Dr. Mark Thornton, Senior Fellow at the Mises Institute and Austrian economist, returns to the show to deliver a sweeping macro warning rooted in Austrian…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3562,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-julia-la-roche-show-5842803/episodes/361-dr-mark-thornton-we-re-on-the-highway-to-hyperinflation/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-julia-la-roche-show-5842803/361-dr-mark-thornton-we-re-on-the-highway-to-hyperinflation.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}