Why Mises’s Theory of Economic Calculation Still Is Relevant Today

OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens With the world's attention glued to every headline out of Iran, it is understandable why today's OPEC+ meeting was largely ignored, although with roughly 12% of global oil output throttled at the Strait of Hormuz, it's not as if even OPEC+ could do much to offset the supply shock.  Earlier on Sunday, the oil-producing cartel (where Iran is a founding member yet was missing from the Joint Ministerial Monitoring Committee) warned that damage to Middle...

EU Imposes Drastic Tariffs on Chinese Goods: Is A Trade War Looming? Submitted by Thomas Kolbe Tensions in international trade policy are escalating on multiple fronts. After the U.S. Supreme Court initially declared the tariff regime implemented by President Donald Trump since April of last year unlawful, it appears the administration has explored new ways to stabilize its tariff policy going forward. The signs on the international trade front continue to point toward turmoil. Not least, it is the ramped-up Chinese export machine that is increasingly in the crosshairs of U.S. protectionism...

Iran War Cost $25 Billion in First 2 Months, Pentagon Says Authored by Ryan Morgan via The Epoch Times, Combat operations against Iran have cost the U.S. military about $25 billion in two months, a top Pentagon accounting official told House Armed Services Committee members on April 29. The Wednesday hearing marked the first time Secretary of War Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine have testified publicly to Congress since U.S. and Israeli forces commenced attacks on Iran on Feb. 28. U.S. and Iranian forces...