The Tom Woods Show, episode 1214.

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Hi, everybody. Tom Woods here talking to Mark Thornton, the guy who predicted the housing

bust. He was talking about the housing bubble for years. Did some really, really great work on that topic.

And he has a brand new book out featuring a forward by your host here called The Skyscraper Curse and How Austrian Economist

predicted every major economic crisis of the last century. You're going to hate me after this episode,

if you don't hate me already, for recommending so many books to you. I know a lot of you folks

out there are getting frustrated because that pile is growing and growing, and I'm not doing a

thing to help you because I'm making it grow all the more all the time. But it's a great book.

That's why I wrote the forward to it.

Mark Thornton is a senior fellow of the Meesa Institute. He also teaches economics at Auburn University.

Mark, welcome back to the show. Hey, thanks, Tom. It's great to be back on your show.

There are many topics to cover in your book. I love a book like this. You'll learn a ton by reading the skyscraper curse.

We'll get to skyscrapers in just a second. I think in order to understand the skyscraper thesis,

we need to step back one step to talk about Austrian business cycle theory and then see how this question of skyscrapers, which when the correlation was first pointed out in 1999 between

skyscraper records and the verge of economic downturns, it seemed like an interesting curiosity

and that was that. And you actually showed there is an economic explanation as to why these

...