Four-Letter Economic Words

In this episode, Mark Thornton offers a practical “seven-word” framework for navigating economic life, especially when policy chaos and uncertainty make long-term planning harder. Mark connects everyday action (work, learning, planning, saving, spending, giving, and prayer) to core Austrian themes: purposeful choice, psychic profit, time preference, entrepreneurship under uncertainty, and the distortions created by inflation and debt-driven policy.

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Additional Resources

"Billionaires, Workers, and the Exploitation Theory" by Bob Murphy (Human Action Podcast, Episode 534): https://mises.org/MI_164_A

Human Action by Ludwig von Mises: https://mises.org/MI_164_B

Man, Economy, and State by Murray N. Rothbard: https://mises.org/MI_164_C

The Quotable Mises edited by Mark Thornton: https://mises.org/MI_164_D

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