Source: Ludwig von Mises Institute
by Lucas Peters

“The ongoing destruction of the world’s largest natural-gas reservoir at South Pars and Qatar has produced exactly what Austrian economics predicts: sudden, irreplaceable capital destruction followed by a violent supply shock. Oil has spiked, European gas prices have jumped, and the Strait of Hormuz is now a flashpoint. Everyday Americans already face higher gasoline, heating, trucking, and grocery costs; businesses confront malinvestment cascades; and central planners are salivating over the opportunity to impose rationing, digital IDs, CBDCs, and ‘energy lockdowns.’ This is not mere geopolitics; it is state warfare smashing the capital structure and then using the resulting artificial scarcity to expand control. From a strict libertarian and Austrian standpoint, two interlocking ideas cut through the chaos and point to the only workable solution today: immediate, total disentanglement from the conflict, and uncompromising reliance on free-market prices, sound money, and voluntary exchange instead of any form of central planning.” (03/31/26)

https://mises.org/power-market/austrian-fix-manufactured-iranian-energy-crisis

Source: Foreign Policy In Focus
by Phyllis Bennis

“The US and Israeli war has, from its very beginning, violated both US domestic and international law. The legal consequences go beyond specific violations. Washington and Tel Aviv’s breaches of the United Nations Charter and other legal frameworks also undermine the very foundations of the rule of law. Even while international legal institutions too often lack sufficient capacity to enforce their decisions, they still provide a crucial framework for protest, for pressure on individual governments, and for the hope of a future world where the rule of law is paramount. Now, however, that future is in more danger than any other time in recent memory. Right now, Iranian civilians are paying the highest price. But the collapse of the rule of law makes the future more dangerous for everyone else, too.” (03/31/26)

https://fpif.org/the-u-s-israeli-war-on-iran-is-illegal-heres-why-that-matters/

Source: Law & Liberty
by Helen Dale

“Adam Smith had the kind of insights that can be used to make human life better.” (03/31/26)

https://lawliberty.org/forum/a-true-humanism/

Source: Foundation for Economic Education
by Mani Basharzad

“Each year after the Nobel Prize announcements, laureates, who are among the greatest minds of their generation, gather and shape a broader intellectual conversation. At this year’s gathering, a Nobel laureate in physics posed a question to the economic laureates: ‘Can we grow without limit? What about finite resources?’ He added, ‘At some point, must we also modify this growth system — which wants to consume more and more of the Earth’s resources?’ To answer this question, we need to go back to a bet made about humanity’s fate in 1980. Economist Julian Simon and biologist Paul Ehrlich made a wager about the future of humanity. At the heart of the bet was a simple question: Would population growth lead to resource scarcity and human decline, or to greater prosperity and innovation?” (03/31/26)

https://fee.org/articles/what-nobel-minds-get-wrong/

Source: Responsible Statecraft
by James A Russell

“American taxpayers could be forgiven if recent events have left them wondering why the largest and most expensive Navy in the world is sitting well outside the Strait of Hormuz, watching powerlessly as the Iranians decide which ships they will allow to transit the waterway. After all, they must wonder, why can’t the Navy simply blast the Iranians away and re-open the strait, sending life and the global economy back to normal? Alas, the days of omnipotent U.S. sea power as a power projection instrument close to well defended shorelines are coming to an end. This change raises questions about the future of navies and the wisdom of investment in these extremely expensive instruments of national power.” (03/31/26)

https://responsiblestatecraft.org/iran-strait-of-hormuz/