The Julia La Roche Show · Thursday, October 1, 2026
Dr. Mark Thornton, an Austrian economist, explains that while stock market indexes and tech sectors appear strong, this boom is artificially induced by Federal Reserve policies and government spending. He believes this creates an unsustainable economic cycle that distorts the macro picture and disproportionately benefits those with existing wealth.
“And so all of that is possible. And it does distort the macroeconomic picture because, uh, you know, we're talking about a situation that is not natural.”
“And one of the things that we're very well known for is our business cycle theory, which says that initially when the Fed is adding money and credit into the economy and artificially lowering interest rates in the economy, or rates in the economy, that does spark investment into new technologies.”
“And that helps people with pre-existing wealth and savings and assets, it pushes up the price of stocks and bonds and land and real estate, the things that wealthy people have.”