Minor Issues On the Hyperinflation On-Ramp
Sep 20, 2025
Mark Thornton, a senior scholar at the Mises Institute, discusses the looming threat of hyperinflation stemming from the U.S. monetary policy and deficits. He delves into Mises's stages of inflation, revealing how they set the stage for price surges. Mark explains the shift of central banks from Treasuries to gold and outlines a savvy gold-to-silver trading strategy. The conversation also touches on the impact of global sanctions on de-dollarization, emerging sound-money laws, and practical steps for individuals to safeguard their wealth.
AI Snips
Chapters
Transcript
Episode notes
Two Keys To Hyperinflation
- Hyperinflation requires two ingredients: massive government debt and the ability to print money without production cost.
- Mises’s three stages show inflation starts quietly, then velocity rises, and finally money holdings collapse into rapid price increases.
Mises’s Three-Stage On-Ramp
- Ludwig von Mises described three stages: initial increased supply with stable demand, then falling demand growth and rising velocity, then falling money holdings and accelerating inflation.
- Stage three is the early on-ramp to hyperinflation when people reduce cash balances and speed spending.
Where Early Movers Park Wealth
- Early movers protect wealth by swapping fiat for real assets like real estate, gold, silver, and crypto.
- These moves are minority behaviors now but signal how some foresee continued debasement and seek tangible stores of value.