The Iranians are sending their cheapest and oldest missiles first, to deplete the US’ stock of interceptor missiles. Then Iran will send its newer, better missiles. 

Meanwhile, the administration has stopped claiming regime change is a reason for the war. But instead claims Iranian missiles, which can’t reach the USA, are the “threat.” 

The governance of modern societies is in permanent tension between the immediate appeal of emotion and the need for enduring principles. Emotion—when converted into the driving force of state policy—frequently transforms into a mechanism of institutional erosion.

History is a potentially powerful weapon in political debate. It can be used by powerbrokers to justify all types of interventions designed to “correct” historical injustices. Court historians often treat history as a repository of reasons to dismantle institutions, redistribute wealth, and transfer power to those deemed to be historically vulnerable or historically marginalized.

Murray Rothbard’s insights over the years: 

Economics, and more specifically, praxeology, is a value-free science. In Rothbard’s words, praxeology deals with the values, goals, and actions of the actor, but not with “how they should have acted or how they ought to act.” The ethical character of desires is not part of praxeology, although this does not preclude the two bodies of knowledge from complementing each other.

Most economic commentators consider the differential, also known as the yield curve, between the long-term and the short-term interest rates as an important indicator for the establishment of the future course of economic activity. An increase in the yield curve is seen as pointing towards good economic times ahead. Conversely, a declining yield curve increases the likelihood of an economic recession.