Debt, War, and the Tangled Web

Mark Thornton opens with Sir Walter Scott’s famous “tangled web” line, using John Law’s Mississippi Bubble and Richard Cantillon’s response to frame today’s financial disorder: national debt, a bond bear market, dollar manipulation, trade war, stock-market fragility, and overseas conflicts.
Download An Essay on Economic Theory by Richard Cantillon, available for free in PDF, ePub, and as an audiobook: https://mises.org/library/book/essay-economic-theory
On Side B, Thornton discusses the Fed’s first rate hike in three years, the debt trap facing the Treasury market, the energy shock from the…