This essay by Rothbard is a great overview of business cycles and inflation, and a great way to see just how mendacious, criminal, and destructive Keynesian propaganda has been this past century

As the Fed raises rates to fight the inflation it caused, it now enters the 'Wile E Coyote hanging in the air hoping he won't fall into recession' stage of the business cycle. Rothbard explains more elaborately in this great essay: