Post
Paul Krugman notes that on Sunday, Kuwait shot down three US F-15s in a friendly fire incident. And:
"A new F-15 costs U.S. taxpayers $97 million. So that’s almost $300 million lost in seconds."
As he notes, taxpayers foot the bill.
#Trump #war #Iran #economy #EconomicElites #prices #inflation
/2
https://paulkrugman.substack.com/p/war-is-expensive-for-the-little-people
"It is easy to pay a bill if you’re not using your own money.
That’s the thought that kept ringing through my head as I watched the 'Secretary of War' smirk and chortle his way through a war time press conference wherein he disparaged our allies for 'clutching their pearls' and dismissed what he called 'stupid rules of engagement.'”
~ Michele Hornish
#Trump #war #Iran #economy #EconomicElites #prices #inflation
/3
https://michelehornish.substack.com/p/the-fortunate-son-sends-us-to-war
"The war in the Middle East has plunged financial markets into turmoil for a second day, with oil and gas prices surging, global stock markets slumping and chances of a UK interest rate cut later this month plummeting."
~ Julia Kollewe and Graeme Wearden
#Trump #war #Iran #economy #EconomicElites #prices #inflation
/4
"In the hours before the strike, six newly-created accounts on the prediction market Polymarket raked in nearly $1 million by betting that the U.S. would strike Iran by February 28."
~ Judd Legum, Rebecca Crosby, Noel Sims
#Trump #war #Iran #economy #EconomicElites #prices #inflation
/5
"We will learn at some time in the future that Donald Trump’s war has been all about one thing, his thing, the only thing he has ever cared about: Money.
It’s perfect. He can hear the pile drivers for his ballroom, but he can’t hear the bombs."
~ Lucian K. Truscott
#Trump #war #Iran #economy #EconomicElites #prices #inflation
/6
https://luciantruscott.substack.com/p/i-watched-trumps-medal-of-honor-ceremony
"Americans have short memories, but they do recall that Trump was reelected to accomplish three things: First, to get prices down. ...
Second, he promised to get control of the nation’s southern border. ...
His third promise was to avoid foreign entanglements."
~ Robert Reich
#Trump #war #Iran #economy #EconomicElites #prices #inflation
/7
https://robertreich.substack.com/p/trump-has-no-fcking-idea-what-hes
"Global markets slumped and energy prices spiked amid fears the Iran war will cause prolonged disruption, with U.S. crude jumping more than 13% to its highest since January 2025, international benchmarks surging, U.S. gas prices rising to $3.077 per gallon and expected to climb further," (continued in /9)
~ Aaron Parnas
#Trump #war #Iran #economy #EconomicElites #prices #inflation #gasoline
/8
https://aaronparnas.substack.com/p/major-news-gas-prices-soar-stocks
