Fiscal Responsibility, Formalization, and the Modern Fiscal State

The US fired a Tomahawk missile in the Philippines from its new Typhon launcher for the first time during Washington and Manila’s annual Balikatan Exercise, a major provocation aimed at China. The Typhon, also known as the Strategic Mid-Range Fire System, was developed by the US after it withdrew from the Intermediate-Range Nuclear Forces (INF) […]

Israel Bombs Deep Into Lebanon For First Time Of 3-Week Ceasefire There's supposed to be a 3-week Lebanon ceasefire in effect, but that increasingly appears something merely on paper or in name only, as Israel has stepped up and expanded its attacks on Lebanon - now for the first time of the ceasefire including strikes on the far away Beqaa Valley. "The IDF says it has launched a wave of airstrikes against Hezbollah infrastructure in the Beqaa Valley and several areas of southern Lebanon," Israeli media confirms Monday. "The strikes come...

This war is not just making energy more expensive, it’s knocking out the higher order goods the global structure of production depends on. This has already locked in dangerous shortages in critical industries like healthcare, food production, and much more.