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Today we discuss democrats flipping the Florida house seat that includes Mar-a-Lago and the importance of attractiveness and normalcy to political candidacy, as well as the uncertainty surrounding Trump's 15 point plan to end the Iran war and the inconsistent communication with the American public, and a new lawsuit against UCLA. Plus, John and our producer Noam recommend the new film Project Hail Mary.
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Beyond the initial oil shock, the Iran war is also laying the foundation for ongoing monetary inflation and price inflation, with no real change to the US regime’s commitment to easy money.
Original article: https://mises.org/mises-wire/iran-war-brings-more-inflation-and-new-strength-yuan
By Robert Duncan
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Today we conduct a brief review of the things that make us feel like we're taking crazy pills: The reactions to Trump deploying ICE to help assist with TSA logjams, Stanley McChrystal's interview on Iran, Mike Mullen's farcical recounting of the Bin Laden raid, the upcoming hagiographical Michael Jackson biopic, Claudine Gay's new teaching career, and Tucker Carlson's praise of Islamic culture and Sharia law.
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Iran has currently shut off more than 10 percent of the world’s oil supply. If that goes on for a lot longer — or if the war escalates to include more strikes on energy infrastructure in the region — the price of oil could go through the roof, and the damage to the global economy could be catastrophic.
So what would that look like? What tools does the United States have to avert it? And how is this crisis already reverberating in countries around the world?
Jason Bordoff is the founding director of the Center on Global Energy Policy at Columbia University and a founding dean of the Columbia Climate School. He served as a special assistant to President Barack Obama and senior director for energy and climate change on the National Security Council.
In this conversation, Bordoff answers all my questions about the crisis so far and how things could spin out from here, the strategic positioning of the United States, Europe, Iran, Russia and China, the developing countries likely to suffer the most and the lessons the world might take from this.
Mentioned:
“Making the U.S. More Resilient to Oil Price Shocks” by Jason Bordoff and Spencer Dale
“The Return of the Energy Weapon” by Jason Bordoff and Meghan L. O’Sullivan
Book Recommendations:
Material World by Ed Conway
More and More and More by Jean-Baptiste Fressoz
Deliver Me from Nowhere by Warren Zanes
Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.
You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.
Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
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