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Why Politicians Lie and How Fed Liquidity Fuels the AI Bubble
Thornton on Mearsheimer's theory of political lies, the Fed's role in the AI bubble, and why gold and silver benefit from monetary inflation.
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On this episode of Minor Issues, Mark Thornton opens with a review of John Mearsheimer's Why Do Politicians Lie?, focusing on strategic deception in international affairs, especially in the Middle East, Israel, Vietnam, Iraq, and America's own constitutional history. Thornton argues that political lies are not merely moral failures; they are tools for empire, war, and state expansion.
On Side B, Thornton joins What The Finance to explain how runaway spending, Fed liquidity, and Austrian business cycle theory reveal the deeper mechanics behind today's markets. He discusses the AI and data-center bubble, the Fed's role in sustaining malinvestment, the pressure on working families, and why gold, silver, and commodities are benefiting from a long era of monetary inflation and political dysfunction.
2026 is the Year of Rothbard – Murray's 100th birthday – and the Mises Institute is celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/issuesfree
Register for the upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire