So much confusion would be avoided if we reminded ourselves now and again that economics began not as a search for order but as a search for the explanation of the order that was too obvious to miss.
The Iran War’s Hidden Tax on American Households
The Bureau of Labor Statistics released its May 2026 Consumer Price Index (CPI) report on June 10, confirming what many Americans already feel at the pump and in their wallets. Headline CPI rose 0.5% month-over-month and climbed to 4.2% year-over-year, the highest...