Ahead of a contentious election this fall, President Joe Biden is frantically working to transfer more tax dollars to college-educated voters. Last week, the White House announced another $1.2 billion in student loan forgiveness, bringing the president’s total in canceled debt to $138 billion.

According to the Bureau of Labor Statistics’ latest price inflation data, CPI inflation in January accelerated, and price inflation hasn’t proven nearly as transitory as the regime’s economists have long predicted. 

According to the BLS, Consumer Price Index (CPI) inflation rose 3.1 percent year over year during January, after seasonal adjustment. That’s the thirty-fifth month in a row of inflation well above the Fed’s arbitrary 2 percent inflation target. 

In a recent CNN interview, the normally very confident US Under Secretary of State Victoria Nuland sounded a little desperate. She was trying to make the case for Congress to pass another $61 billion dollars for the neocons’ proxy war project in Ukraine and she was throwing out the old slogans that the neocons use when they want funding for their latest war.

Asked by CNN whether she believes that Congress will eventually pass the bill, Nuland responded that she has confidence that, “we will do what we have always done, which is defend democracy and freedom around the world…”

Julian Assange may soon be extradited to the United States, where he will face prosecution that could end in his imprisonment for life. He is in fact a hero, who should be honored rather than punished. American foreign policy is based on the pursuit of global hegemony and to achieve this goal, our “leaders” engage in torture and murder. Assange brought these crimes to public attention through his publication of the “WikiLeaks” documents he got from Bradley Manning.

[This review of Rothbard America’s Great Depression was originally published by the Foundation for Economic Education.]

Originally published September 1977 in Libertarian Review.

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War has generally had grave and fateful consequences for the American monetary and financial system.

—Murray N. Rothbard, A History of Money and Banking in the United States