My Favorite Antiwar Protest: A Time of Mounted Park Police and “Free Speech Zones”

I’ve attended most of the major antiwar protests in Washington since 9/11. At a 2005 protest, a cop tried to whack me on the head with a wooden pole. At a 2007 protest, I snapped a picture showing George W. Bush hanging next to the US Capitol. But my favorite protest was a potent little ruckus that I almost missed. 

Welcome to a New Chapter in the Latest Boom-Bust Cycle

What lies ahead is undoubtedly a rather sensitive chapter in the boom-and-bust-cycle drama caused by US monetary policy: the US Federal Reserve System (Fed) is about to end its ultraeasy course. The reason: after many years of exceptionally low interest rates—with most real, i.e., inflation-adjusted, interest rates even in the negative territory—and a huge inflow of newly created money to the economic and financial system, goods price inflation is rearing its ugly head.

Chapter 17: An Austrian Reaction to Modern Monetary Theory (MMT)

The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy*
by Stephanie Kelton
New York: PublicAffairs, 2020, 336 pp.