Thornton argues that monetary inflation benefits asset owners and government-connected interests first, while working households face higher prices long before wages catch up. The episode closes with Wall Street Bullion to discuss gold, silver, energy, debt service, the weakening dollar, BRICS, the petrodollar, and the economic fallout from war in the Persian Gulf. 2026 is the Year of Rothbard—Murray’s 100th birthday—and we’re celebrating by giving away free copies of The Case for a 100 Percent Gold Dollar through August 31. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark’s books: https://mises.org/MinorIssuesTumbler. Be sure to follow Minor Issues at https://Mises.org/MinorIssues