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How Iran's Mosaic Doctrine Is Fracturing
How Iran's Mosaic Doctrine Is Fracturing
Authored by Zineb Riboua via Beyond the Ideological,
Following President Trump’s announcement of a cease-fire, US Central Command (CENTCOM) commander Admiral Brad Cooper stated: “Iran has suffered a generational military defeat.”
Tehran’s response has been a single counterargument: the Islamic Republic still stands.
That argument mistakes the question. The survival of the Islamic Republic is not in dispute. What is in dispute is whether the surviving entity retains the capacity to direct the forces operating in its name.
Iran developed its mosaic military doctrine by drawing direct lessons...
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Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute).
We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...
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Feb 23, 2026 / Tyler Durden
What Causes Stagflation?
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...
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