US Again Bombs Kharg Island, a Potential Target of a US Ground Invasion

What Causes Stagflation? Authored by Frank Shostak via The Mises Institute, In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to Friedman, expansionary central bank policies set the platform for lower economic growth and a higher rate of inflation (i.e., stagflation). A famous case of stagflation occurred during the 1974-75 period. In March 1975, industrial production fell by nearly 13 percent year-on-year while the yearly growth rate of the consumer price index (CPI) jumped to...

The Democrat Establishment Is Starting To Worry About Spencer Pratt The last person California Democrats expected to keep them up at night is Spencer Pratt. Yet here we are. The former reality television personality-turned-independent mayoral candidate has spent the past several weeks doing something that Los Angeles's political establishment convinced itself was impossible: making incumbent Mayor Karen Bass look vulnerable. Conventional wisdom held that a candidate like Pratt, a former television personality with no governing experience, running as an independent in a deep-blue city, had no realistic path to victory. The conventional...

US Begins "Self-Defense" Strikes Against Multiple Targets In Iran Summary US begins strikes on Iran for second straight night: according to Centrom, "US forces began launching additional self-defense strikes today at 5:15 p.m. ET against multiple targets in Iran at the Commander in Chief’s direction. The strikes are in response to Iran’s unwarranted and continued aggression." Explosions had been heard in the Iranian towns of Sirik, Manab, Bandar Abbas and Bushehr, Hegseth confirms imminent attacks on key Iranian facilities Trump says "Will be attacking Iran hard again today" Trump says "secret mission" has reopened the...