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Dr. Mark Thornton, an Austrian economist with the Mises Institute, visits for the first time. John Williams and Daniel McAdams return. Williams has issued his latest annual warning of hyperinflation. He thinks that starting this year, the money printing virus inflicted on us by policy makers will manifest itself through an inflation problem much worse than that of the 1970s. From his Austrian economic perspective, how does Dr. Thornton think the massive printing press virus will be resolved? With our money being debt based since 1971, could deflation thinkers like Robert Prechter be right in
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