President Trump’s unconstitutional and unjust war against Iran is setting back his “affordability” agenda. The war has caused a big rise in gasoline prices. Among the related concerns is the hindering of the movement of oil through the Strait of Hormuz, the only available passage for ships to transport oil from the Persian Gulf.

The increased costs will do more than raise prices at the pump. An increase in gas prices brings increased transportation costs that will be passed along to consumers. Prices of a variety of goods, including food, will increase.

Oil prices hovered around $90 per barrel: “Seven nations are scheduled to meet Tuesday to discuss a possible joint release of stockpiles to help ease the supply disruption.”

President Trump said on Sunday that any decision to end the war with Iran would be a “mutual” one made with Israeli Prime Minister Benjamin Netanyahu.

Hegseth in March 8 interview: “what I want your viewers to understand is this is only just the beginning.”

In his State of the Union Address, Trump announced his plan for dealing with high electricity costs associated with the increased demand from AI data centers:

Many Americans are also concerned that energy demand from AI data centers could unfairly drive up their electric utility bills. Tonight, I’m pleased to announce that I have negotiated the new Ratepayer Protection Pledge. You know what that is. We’re telling the major tech companies that they have the obligation to provide for their own power needs.

Help us keep alive Murray Rothbard’s legacy.

In honor of Rothbard and all that he did to revitalize Austrian economics and the cause of liberty, the Mises Institute is proud to launch the Year of Rothbard to celebrate his 100th birthday.

In his article “Nations by Consent,” Murray Rothbard reiterated his argument that individual liberty does not envisage atomistic human beings isolated from the societies in which they live:

61% of unaffiliated voters oppose. Once again, Republicans overwhelmingly support war, and endless federal spending to continue it.  

Contemporary academia’s equation of “science” with “measurement” represents a positivist assault on Ludwig von Mises’s praxeology, not due to his mathematical deficiency, but his superior ontological grasp.

[From Part IV, Chapter XV of The Natural Laws of Political Economy (Les lois naturelles de l’économie politique), first published in 1887.]