Statement of Iran’s Supreme National Security Council on the Two-Week Ceasefire and Negotiation Conditions

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...

Vice President JD Vance said on Wednesday that Iran should take President Trump’s threats “seriously” as the US continues a major military buildup in the Middle East to prepare for what appears to be a coming attack on the Islamic Republic. Vance has emerged as one of the leading figures in the Trump administration who […]