Economics
April, 2026
The Critical Commodities Caught in the Hormuz Blockade
DER SPIEGEL: Trump is obsessed with the decline of America – and accelerates it with this war. Trump’s speech on the war in Iran has revealed a president without an exit plan. This crisis could change the world – just not as he promised. America loses, China wins, and Europe pays the bill.
From an economics perspective, how should we think about the interaction between geopolitical uncertainty, oil supply risk, and movements in Treasury yields?
What is the appropriate normative function of the discipline of Economics?