Mercados financieros

War in the Persian Gulf doesn’t just mean pricier gas. It can snap hidden supply chains that keep modern life running, from fertilizer and copper to plumbing repairs.

La plata no es un «bien Giffen». Se trata de un caso de cambio en la demanda, no de una economía quebradiza.

Gold and silver whip around with war and liquidity stress, while the Fed quietly rolls out “emergency” support. Mark Thornton explains what’s driving the moves.

The “bottom 99%” aren’t losing to markets: they’re losing to the Cantillon effect.

What looks like market strength may be a delayed reckoning. Mark Thornton explains the signals, the Fed’s playbook, and where the next bust is likely to hit first.

Record-low consumer confidence and record-strong corporate earnings aren’t a paradox: they’re the Cantillon effect in real time. Mark Thornton explains who inflation rewards, who it crushes, and what comes next.

Kevin Warsh may talk tough, but Mark Thornton argues the Fed’s real mandate hasn’t changed: finance Washington, protect Wall Street, and let inflation grind down everyone else.

Debt, tariffs, and money printing: Mark Thornton explains how the policy machine rewires markets, and why metals and commodities react first.

Mark Thornton argues modern politics is a power struggle run by elites—and that Austrian economics explains both the rigged system and the way out.

Even if peace breaks out tomorrow, the economic damage is done.