War Returns To Ethiopia As The Horn Edges Closer To Abyss

Friedman Was Right, Just Mostly Misquoted... Authored by Lance Roberts via RealInvestmentAdvice.com, Milton Friedman’s famous one-liner that anchors half the inflation debates on financial television leaves out the part where the actual economics live. Once you put it back in, the doomist case gets a lot smaller. Per Bylund recently wrote a sharp piece for The Daily Economy arguing that CPI and GDP have become Goodhart’s Law in action. When a measure becomes a target, it ceases to be a useful measure. He has a point, and we’ll come back to it....

Top officials said that the Iranian military would have a “decisive” response to US strikes. The ceasefire between the US and Iran broke down last week, and fighting has rapidly escalated.  Iran’s top negotiator, Mohammed Bagher Ghalibaf, explained that the military now has “complete freedom of action.” He added that Tehran is planning “a decisive […]

Vance Shrugs Off Backlash After Trump Says Americans' Finances Don't Factor Into Iran War "Even A Little Bit" Just before leaving to China on Tuesday, President Trump fielded question from the media and issued some shocking remarks which are sure to hurt, not help Republicans, during a week in which the Iran war hits the 75-day mark. President Trump conceded that the financial situation for Americans was not a factor in his decision-making when it came to Iran, at a moment Americans are alarmed at steadily rising gas prices, and the potential that the...