Buckle Up For A Wild Week

One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.

The Persian Gulf is the jugular vein of global oil supply. Roughly one-fifth of all oil traded on earth transits the Strait of Hormuz. Since the war picked back up on February 28th, data reported to Goldman Sachs show an estimated hit to Persian Gulf oil exports that has since reached approximately 16% of global […]

Phantom Ayatollah? Iran's New Supreme Leader Has Never Been Seen Since Taking Office Amid widespread reporting that Iran had long ago moved into a emergency wartime decentralized command among autonomously-acting units, serious questions persist as to the role of Supreme Leader Mojtaba Khamenei, who replaced his slain father, longtime leader Ali Khamenei. What's clear is that the new, younger Khamenei - who may have been wounded in the early days of US-Israeli strikes, hasn't been seen in any public way, not even on TV, throughout the war. There have not so...