The Long-Term Economic Toll of the War with Iran

Summary

The article examines the long-term economic consequences of a war with Iran, arguing that the true cost extends beyond immediate oil price fluctuations. It emphasizes the need for a proper counterfactual comparison — measuring today's economic situation against what it would have been without the war — rather than simply comparing current conditions to pre-war conditions. While energy prices will fall with the reopening of the Strait of Hormuz, the author warns of sustained economic damage for years to come, compounded by a presidency that prioritizes extraction over economic growth.

Source

bskyThe Long-Term Economic Toll of the War with Irannewsletter.platypuseconomics.com