The late great economist Peter Bauer used to say there is no “Third World,” i.e., no sharp line dividing developed from undeveloped countries. Rather, there is a development spectrum along which countries sit.
Mutatis mutandis, there is no “Free World.” So stop calling Trump the leader of it.
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...
