US Intelligence Report Says Large-Scale War Unlikely To Achieve Regime Change in Iran
A classified report from the Nat’l Intelligence Council has found that even a large-scale US assault on Iran is unlikely to produce regime change.
Historic Japanese bond sell-off could threaten US Treasurys
“Analysts have warned that the sell-off in Japanese bonds could lead to higher U.S. Treasury yields, as it may discourage investors from buying U.S. bonds.”
Video shows US Tomahawk missile that killed dozens of little girls in Iran
The footage would appear to contradict US President Donald Trump’s claim that it was an Iranian missile that hit the school.
White House spokesman refuses to rule out a military draft
Asked about plans for a military draft, White House spokesman Leavitt said: “President Trump wisely does not remove options off of the table.”
The Cost of “Free”
Over the past weekend, from February 12 until February 15, Polymarket—in conjunction with the Food Bank For NYC—organized a pop-up grocery store in NYC that offered groceries entirely free of charge. Although the event was a short-term promotional stunt by Polymarket, it drew public praise from Mayor Zohran Mamdani, who has pitched similar interventionist ideas for grocery stores before.
The Real Threat Is Artificial Credit, Not Artificial Intelligence
Artificial intelligence is rapidly becoming one of the most capital-intensive industries in history. Consider: Semiconductor fabrication plants cost tens of billions of dollars. Massive data centers consume extraordinary amounts of electricity, sending power bills soaring.
Roger W. Garrison, R.I.P.
I am sorry to report that Roger W. Garrison passed away last month, at the age of 82. Roger was one of the foremost authorities on the Austrian Theory of the Business Cycle, culminating in his great book Time and Money: The Macroeconomics of Capital Structure (Routledge (2001). His interest in Austrian macroeconomics and its superiority to Keynesian macroeconomics first became apparent in a paper he wrote in 1973 on the topic. After he sent a copy to Murray Rothbard, Joey Rothbard called him and invited him to visit Murray in New York.
Iran War Hype, Gold, and the Fed’s Debt Bubble
Rothbard’s Theory of International Relations and the State
Murray Rothbard is well known as an opponent of warfare perpetrated by states. This includes acts of war by states against other states, as well as acts of war by states against non-state organizations and individuals. Consequently, Rothbard’s historical scholarship and his political commentary is characterized by consistent opposition to aggressive warfare and imperialism as practiced by states in general, and by the United States government in particular.
