Definitely not terrorism.

At the Kansas City Fed Jackson Hole symposium, the annual jamboree ‘think-tank’ for international central bankers, US Federal Reserve Chair Jay Powell announced the end of monetary policy as a tool to control inflation. His speech of just a few minutes completely dropped the monetarist theory of inflation as proposed by Chicago free market economist Milton Friedman and pursued by his disciple and former Fed chief, Ben Bernanke. Powell also made it obvious that the Keynesian argument for inflation, namely as trade-off for full employment and rising wages, as graphically presented in the so-called Phillips curve, was also dead.

Instability is a permanent feature of capitalism, but the coronavirus pandemic has introduced a whole new level of volatility. Amid the turmoil, the American right is dreaming more feverishly than ever of apocalypse and heroism.

The Liberals regime change efforts in Nicaragua are part of a broader pro-US, pro-corporate policy in the hemisphere rife with hypocrisy. All those who support the principle of non-intervention in the internal affairs of other countries must oppose these acts of imperialism against a country that has long been the victim of American interference in Latin America.