About this episode
What happens when a society consumes its seed corn? What is capital consumption, and why does it matter? In this episode, Mark Thornton examines how inflation, deficit spending, and distorted market signals quietly erode the productive assets that fuel economic growth. Drawing on Austrian economics and insights from investor Rick Rule, Mark explains how governments and central banks incentivize the misuse of capital, leading to stagnation, underinvestment, and long-term decline. Understanding this unseen destruction is key to making sense of today’s economic malaise.
See also "Rick Rule: Shortages In Key Natural Resources To Define Next Decade": https://mises.org/MI_132_A
Register for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25
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