We all remember where we were when the Berlin Wall came down. While it may have seemed that communist rule would go on forever, when the people decided that they had enough suddenly the wall fell. Just like that.

You would think that the problems facing the United States would be enough for brain-dead Biden. With massive inflation, the economy is teetering on the brink of ruin. We face tyrannical control because of harmful vaccine mandates. Bogus propaganda about “climate change” threatens to cripple American industry. The government seeks to monitor all our financial transactions. We threaten China with a new Cold War. But it isn’t enough. Now Biden wants to ignite a war with Russia that could easily turn nuclear and destroy us.

Here we go again. Since the original Gulf War in 1991, a certain pattern has emerged. Every few years, the regime in Washington attempts to whip the American people into a frenzy so that they will support the latest American invasion “necessary” for regime change, “spreading democracy,” or some other agenda item.

It’s been said: if you can’t convince them, confuse them. When it comes to Jerome Powell discussing inflation, he is never in short supply of words. At the first Federal Open Market Committee (FOMC) meeting of the year, the Chair of the Fed set the stage for an end to easy money policies and voiced concerns over a new economic threat: entrenched inflation.

On Wednesday, the Federal Open Market Committee (FOMC) held true to its monetary-tightening timeline despite last week’s 10 percent drawdown in most major indices, effectively saying, “10 percent is not enough.” With retail sales numbers that will surely return to trend without more stimulus (see chart), a gridlocked Senate, and the prospect of higher interest rates surely to discount equity valuations, why aren’t more people selling?

David Friedman recently posted a critique of Austrian economics as laid out in the Rothbardian tradition.