The Byproducts of the War on Iran
Iran’s control of the Strait of Hormuz affects not just oil and fertilizer, but also the many oil- and gas-based inputs essential to everyday goods.
In a New York Times op-ed Monday, Paul Krugman criticized European governments for under-reacting to the financial crisis:
A strong rebuttal appears on the Models & Agents blog (also posted on RGE Monitor). Here's an excerpt:
Read the whole piece here.