“While the president boasts... military leaders are sounding the alarm behind the scenes about U.S. air defense stockpiles running out if the fighting goes on” for several weeks.

Celebrating the birthday of Mr. Libertarian.

Mr. Libertarian. That commonly-employed term tells you of Murray Rothbard’s importance to libertarian thinking. His New York Times obituary called Rothbard “an economist and social philosopher who fiercely defended individual freedom against government intervention.” And, as Hans-Hermann Hoppe put it, “There would be no anarcho-capitalist movement to speak of without Rothbard.”

“Saturday’s attack on Iran was posed as a decapitation strike; it also decapitated several dozen schoolgirls in southern Iran within the first few hours...”

“Analysts have warned that prices could top $100 a barrel if oil trade is disrupted for a prolonged period of time, or if the war spills over into neighboring countries.”

Kuwait “mistakenly” shot down three U.S. F-15 fighter jets on Sunday after strikes were launched against Iran one day earlier, according to U.S. Central Command (Centcom).

“Trump administration officials ⁠acknowledged ⁠in closed-door briefings with congressional staff ⁠on Sunday that there was no intelligence suggesting Iran planned to attack U.S. forces.” 

According to a Reuters poll conducted on Sunday, only 27% of Americans support the US attacking Iran. 43% of Americans oppose the war. 

When I taught economics at the University of Guelph, I assigned an optional book report on Bureaucracy by Ludwig von Mises, originally published in 1941. The assignment was strictly for bonus points.

On February 2, the Trump administration announced a plan—dubbed “Project Vault”—to spend $12 billion (funded mainly by borrowing almost all of the US Export-Import Bank’s available capital) to create a “critical” minerals stockpile.