Archive for Mark Thornton

Mark Thornton: How Skyscrapers Can Indicate Economic Contraction

In this podcast, Wall Street for Main Street recaps on Dr. Thornton’s article from 2004 predicting the housing bubble and the reaction from the public. Also, we discussed Dr. Thornton interesting theory on how Skyscrapers is a good indicator for economic contraction.

An International View of Drug Prohibition: An Interview with Mark Thornton

The Radcliffe Camera in Radcliffe Square, OxfordMises Daily Friday by Mark Thornton:

In this interview, Mark Thornton discusses his debate on the drug war at Oxford University and provides a view on how drug prohibition is viewed internationally.

Mark Thornton: ‘Record number of Americans in extreme poverty’ (with video)

Mark Thornton on PressTV:

“The United States has problems with unemployment and has problems with poverty and a record number of people meeting the standard of extreme poverty,” said Mark Thornton, senior fellow with the Ludwig von Mises Institute in Alabama and a research fellow with the Independent Institute in California.

“Extreme poverty in the United States is now over 4 percent, that means they have less than $2 cash per person, per day,” Thornton said in a phone interview on Monday.

“We also have over 20 percent of Americans on food stamps with a record number of households receiving food stamps and other government welfare benefits,” the economist stated. “So the direction of change in the United States has been negative with respect to poverty over the last several years and that doesn’t seem to be turning around anytime soon.”


Drug Warriors Claim Colorado Going to Pot

6872Mises Daily Tuesday by Mark Thornton:

Drug warriors rely on bad and manipulated data to make the claim that respecting private property rights in Colorado is “terrible public policy.” They fail to make the case, and since they want to tax and imprison people for their pet prohibition project, the burden of proof remains on them.

Hoppe on Entrepreneurs and Thornton on the Drug War in The Free Market

augfm The August Issue of The Free Market Is Now Online!

Hans-Hermann Hoppe is back with a new lecture on the social virtues of the entrepreneur this month:

What can be unambiguously stated about a capitalist’s profit or loss is this: his profit or loss is the quantitative expression of the size of his contribution to the well-being of his fellow men, i.e., the buyers and consumers of his product, who have surrendered their money in exchange for his more highly valued (by the buyers) product. The capitalist’s profit indicates that he has successfully transformed socially less highly valued and appraised means of action into socially more highly valued and appraised ones, and thus increased and enhanced social welfare.

We also interview Mark Thornton about his recent debate at Oxford University:

Mises Institute: Why were you invited to debate at Oxford?

Mark Thornton: The Oxford Union can pretty much get whoever they want to debate, including presidents, prime ministers, Mother Theresa, the Dalai Lama, and even Julian Assange, so I was honored that they invited me. I met several students in the Oxford Union and at Oxford University who were familiar with my work on the drug war and at the Mises Institute. Each side of the debate generally consists of a student presenter and three experts. The debate is similar in structure to the House of Commons and has been that way since 1823.

We recounted the highlights of the Summer Fellows program and the Rothbard Graduate Seminar here in Auburn. Be sure to also find the latest updates on new translations, and new publications, degrees, and media appearances from our scholars and alumni.

VIDEO: Austrian Economics versus Mainstream Economics

Presented at the Ludwig von Mises Institute in Auburn, Alabama, on 24 June 2011.

Mark Thornton on ‘Butler on Business’ This Week

Mark Thornton discusses recent economic indicators with Alan Butler.

Mark Thornton Talks About His Article “How the Drug War Drives Child Migrants to the US Border”

From Natural News Radio:

Guest Mark Thornton is a Senior Fellow at the Ludwig von Mises Institute. We’ll talk [Mp3 file] about his article, “How the Drug War Drives Child Migrants to the US Border” We’ll also discuss the current economic conditions. Mark Thornton was way ahead of economist predicting the crash of the housing bubble back in 2004.

Mark Thornton on Power Trading Radio Tonight at 6 EST

UPDATE: Here’s the archived show: 

Writes Mark: “I will be on Power Trading Radio Tuesday at 6 pm Eastern.”

Audio: Mark Thornton on ‘Butler on Business’

Mark Thornton on Butler on Business, August 4, beginning at 1:30:00. Mark discusses the most recent government economic data, including Gross Output measures vs. GDP.

Mark Thornton on Economists and the Drug War

Just for the record, here’s a mention of Mark Thornton’s research from earlier this year, which I had missed. From The NYT online:

Economists are often skeptical of drug laws, favoring alternatives like legalization, decriminalization, or a combination of legalization and high taxation, to discourage use. (In an essay titled “Prohibition vs. Legalization: Do Economists Reach a Conclusion on Drug Policy?” Mark Thornton, a senior fellow at the Ludwig von Mises Institute, chronicles economists’ views of the war on drugs.) Drugs could be treated as more of a public health problem than a criminal matter.

New online interviews with Mark Thornton and Walter Block

On the “Wake Up Call Podcast”:

Mark Thornton.

Walter Block.

Gold, Silver, and the Future of the Dollar

6822Mises Daily Weekend by Mark Thornton:

In this interview, Mark Thornton discusses the future of the US dollar as the world’s reserve currency and how both gold and silver and can be part of a return to sound money.

Mark Thornton on the Scott Horton Show

Mark Thornton discusses his article “How the Drug War Drives Child Migrants to the US Border.”

Audio file, 22 minutes.

Mark Thornton on GDP and the Present ‘Recovery’

Beginning at 2:20:00, Mark Thornton talks with Butler on Business host Alan Butler last week about current economy trends and business cycles.

Germany Reneges on Request for its Gold

7361342500_a62d22db19_zGermany has now decided that its gold is safe in the hands of the Federal Reserve after all. The budget spokesman for Angela Merkel’s Christian Democratic Union party, Norbert Barthle, said “The Americans are taking good care of our gold.” Germany initially made the request in January of 2013 after attempts to inventory the gold in 2012 were rebuffed. Juergen Hardt, also from the Christian Democratic Union party told reporters in May that there was no concern that German gold in the New York Fed has been tampered with. “It’s my view that the gold reserves should be stored wherever they might be needed in an emergency.” Of course Germany has never seen or possessed its gold. It obtained the gold in exchange for its surplus dollars in international trade prior to the breakdown of the Bretton Woods system. So I guess there really is no cause for concern.

Mises Weekends: Jeff Deist Talks With Mark Thornton About Wikipedia, Drug Prohibition, and More

Jeff Deist and Mark Thornton discuss Mark’s recent experience as an opponent of the drug war at the Oxford Union debating society, his influence on Wikipedia founder Jimmy Wales, and how Wikipedia demonstrates a kind of stateless spontaneous order, complete with private dispute resolution.


How Smugglers Made America

6778Mises Daily Thursday by Mark Thornton:

Smuggling in America has been around since colonial days and will continue into the foreseeable future. It has played a very prominent role, rather than a subsidiary one, through our history. Indeed it has often played a pivotal role in important events and episodes in American history.


Video: Mark Thornton Explains the Skyscraper Curse

Mark Thornton presents a one-minute primer on the “Skyscraper Curse.”

The New Skyscraper Curse

6764Mark Thornton writes in today’s Mises Daily:

The confluence of regional skyscraper signals in Europe, North America, and China along with a skyscraper alert for a world economic crisis clearly suggests the possibility of a looming world economic crisis. This pattern would be very much like previous episodes of skyscraper records including the Panic of 1907, the Great Depression, the stagflation of the 1970s, the dot-com bubble, and the housing bubble. In line with these skyscraper-based predictions, a fundamental case can be built around the notion of a looming world economic crisis. Most of the world’s major economies are facing pressing economic difficulties, including the U.S., Europe, Japan, and China. Additionally, central banks have been engaged in a world currency war on a scale that has never been experienced in human history.