Money versus Monetary Policy

Iran Demands Israel Halt Lebanon Attacks As Both Sides Arrive In Pakistan, Trump Threatens Strikes If Peace Fails Summary:  Iran makes clear Lebanon fighting must end or else Pakistan talks "meaningless" - as its delegation arrives in 'locked down' Pakistan. Speculation abounds related to ongoing Pentagon transport flights into Mideast region. Trump threatens more military action if Iran doesn't 'comply' - also as Israel-Lebanon talks scheduled in Washington next week. US delegation headed by Vance en route to Islamabad. But parliament speaker makes fresh demands on Lebanon. Lloyd's: "The Iranians are willing to negotiate...

Mises, Rothbard, & Libertarian 'Just War' Theory In The 2026 Iran War Authored by Daniel Lacalle, As of April 2026, the US and Israel are still at war with Iran. The war began on February 28 with surprise bombings that killed Supreme Leader Ali Khamenei and other high-ranking officials. Since then, attacks on infrastructure have continued, leading to significant disruptions in essential services and escalating tensions in the region. Iran has attacked targets in Gulf nations and tightened its grip on the Strait of Hormuz as a result. The conflict has damaged the economy around the...

US Existing Home Sales Bounced In February As Mortgage Rates Tumbled Despite tumbling mortgage rates, existing home sales plunged (the most since COVID) in January, with some blaming 'below-normal temperatures' despite The West suffering the biggest declines (and unaffected by the winter storms). Consensus was for a modest 0.8% MoM decline in February (again despite an ongoing drop in mortgage rates) but sales actually surprised to the upside, rising 1.7% MoM. Perhaps even more notably, January's 8.4% MoM plunge was revised up to a slightly less crazy 5.9% MoM drop... Source: Bloomberg With...