American Consequences - July 2021

The inflation siren has gone from a whisper to a scream... And the market's a speculative feeding frenzy. All the while, the Federal Reserve assures us that there's no reason to worry.


Cover
1

Inside This Issue By Laura Greaver
2

Table of Contents
5

Why Kids Today Don't Understand Free Markets By P.J. O'Rourke
6

From Our Inbox
14

The Fed: Too Big to Succeed By Trish Regan
18

Why a No-Growth World Is Inevitable By Kim Iskyan
24

Bitcoin: All Foam; No Beer? By Bill Bonner
32

Emerging Realities of.a Post-COVID World By CROX
36

Will the Left Pay a Price for 'Defund the Police' Madness? By Buck Sexton
40

Dunce of the Month: Put the Fed to Bed By Andrew Amundson
46

Capitalism Makes Us Better Off By John Stossel
50

What We Know After Six Months of COVID Vaccines By Dave Lashmet
56

How To Argue In Favor of Free Markets By P.J. O'Rourke
62

Featured Contributors
68

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