The preeminence of the capitalist system consists in the fact that it is the only system of social cooperation and division of labor which makes it possible to apply a method of reckoning and computation in planning new projects and appraising the usefulness of the operation of those plants, farms, and workshops already working.

Russia’s invasion of Ukraine is nearing its second week. Vladimir Putin’s military continues its push west, with clear attempts to encircle Kyiv. To date, thankfully, America and its North Atlantic Treaty Organization (NATO) allies have held off pleas from President Volodymyr Zelenskyy to enforce a no-fly zone, which would risk the eruption of a new hot world war. So instead, along with supplying arms, intel, and—potentially—runways and planes to Ukraine, the focus of the West has been economic warfare.

It must be a boom time for commodity traders. By any measure, whether in the news, on TV, or in stores, prices are increasing. Here’s some headlines, starting with Reuters on Sunday:

U.S. gasoline prices soar to highest since 2008 on Russia conflict -AAA

And today:

Senator Ferdinand Marcos Jr. has been making headlines lately as the presidential race in the Philippines runs ever closer toward the 2022 elections in May. On the local level, at the time of this writing, he maintains a commanding lead in polls and opinion surveys despite opting out of public debates against other candidates. With overwhelming support behind him, he is currently poised to win the elections and become the next president after Rodrigo Duterte.

A popular idea in finance theory is that the prices of financial assets fully reflect all available and relevant information and that adjustment to new information is virtually instantaneous.