The great reckoning seems to be following the course that Mark Thornton has been charting by guesswork. In other words, the great train wreck seems to be happening. Mark shares his current outlook.

What the Fed does, what the stock market does, and what the economy does cannot be predicted in the same sense that the mechanical and physical sciences can predict simple relationships of physical bodies and forces.

"10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity" (Federal Reserve Bank of St. Louis): Mises.org/MI_79_Graph

Download The Skyscraper Curse by Mark Thornton at Mises.org/Curse.

Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at Mises.org/IssuesFree.

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Trade is under tremendous threat from both major political parties in the United States and their presidential candidates. In this episode, Mark Thornton discusses his new paper, "Ludwig von Mises on Trade, Human Development, and Human Progress," explains how Mises examined trade holistically and integrated it into a powerful social theory. Ideologically, the commitment to free trade must be understood and sustained in order for us to continue to receive the benefits of trade in the international division of labor.

Download Dr. Thornton's paper, "Ludwig von Mises on Trade, Human Development, and Human Progress" at Mises.org/MI_78_A

Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at Mises.org/IssuesFree.

Follow Minor Issues at Mises.org/MinorIssues.

This 4th of July holiday, take a moment to re-declare independence from your government and commit yourself to being a more appreciative member of your voluntary society—and for the people upon which you depend.

Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at Mises.org/IssuesFree.

Follow Minor Issues at Mises.org/MinorIssues.