James Bovard: Today is the 163th anniversary of the battle of Front Royal, Virginia (the town near where I was raised). On May 23, 1862, almost all the Yankee soldiers in Front Royal were captured, killed or wounded.
On August 10, 1915, British physicist Henry Mosely—who would’ve likely won the Nobel Prize that year—died in perhaps the most disastrous error mankind has thus far made, The First World War (1914-18). Bright and pious fellow humans that had absorbed German, French, British, Russian “identities”; students, fathers, engineers, “great minds,” and “experts,” who even shared a common European Christian heritage, reverted to their tribal ape-like nature. For “God, honor, flag, and country” they slaughtered each other, leading to about 20 million deaths and millions more left invalid.
[Debunking FDR: The Man and the Myths by Mary Grabar (Regnery Publishing, 2025, xvii + 364 pp.)]
The Secretary of Education has notified defaulted debtors; their loan payments are due May 5. Linda McMahon has sent four messages in one:
The United States is MMT’s monetary sovereign par excellence. Because the US is arguably the place in which MMT might be said to have the “best chance” of working, it is MMT’s favorite example to attempt to propagate their theory. That said, the US is actually not an example proving the validity of MMT, rather it is a compelling counter-example. When it comes to MMT’s commitment to chartalism or the state theory of money, the US disproves it.
