If the government restricts supply and subsidizes demand, out-of-control prices, resource shortages, and unpleasant ad hoc coping restrictions will follow. That is the natural (economic) law. The government cannot repeal it. But it can stop its attempt to plan.
East Asia Foots the Bill For Washington’s Iran War
As the United States and Israel press their war of aggression against Iran—now entering its second month—attention has understandably focused on the carnage in the Middle East. Yet with the Strait of Hormuz effectively blockaded and global energy markets in turmoil,...
