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There have recently been many warnings about near-term oil shortages stemming from the conflict in Iran. Most analysts assume that shortages mean higher prices. As I will explain, the dynamics of a self-organizing economy suggest the opposite outcome — lower prices, deepening recession, and shortages of goods and services that have little to do withContinue Reading

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“I’m still begging for people to help me get him out.”, Rescuers race to reach survivors in Venezuela NewsFeed “I’m still begging for people to help me get him out.” A mother’s plea as rescuers race to reach people trapped beneath collapsed buildings after twin earthquakes struck Venezuela. Al Jazeera’sContinue Reading

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Ukraine’s new Talion drone can intercept Russian UAVs or destroy ground targets. The Ukrainian Ministry of Defense says it has codified and authorized its operational use, describing the system as both an air-defense interceptor and a loitering munition capable of striking ground targets. The Talion codification extends Ukraine’s interceptor-industry consolidation,Continue Reading