Trump Demands Iran Accept 20 Year Pause on Uranium Enrichment

Iran Retaliates On US Bases In Five Countries Simultaneously As Tehran Bombed Iran launched retaliatory strikes targeting Israel and US assets across the Middle East, hitting sites in Qatar, the UAE, Kuwait, Bahrain, Syria, Jordan, and Iraq - soon after the Trump-ordered 'Operation Epic Fury' started, which appears aimed at accomplishing regime change in Iran. Multiple explosions rocked Tehran, with additional blasts reported in several other locations nationwide, soon after which several countries across the region closed their airspace once it was bombs away, and as the cross-border attacks intensified. Israel is...

Iran’s air defense system succeeded on Friday, April 3, in downing a US F-15E over Iran. There is some dispute and confusion about the exact location (more about that later). The pilot and the WSO (i.e., Weapons System Officer) both successfully ejected but were separated. The pilot was quickly rescued by the Combat Search and […]

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...