The most important change in modern warfare is not the proliferation of drones or missiles, but the collapse in the cost of precision guidance. Weapons no longer need to be highly sophisticated to be accurate—they only need to be good enough, and “good enough” is now cheap.
Recent Items
Tuesday, March 24, 2026
Coffee Break: Armed Madhouse – Cheap Guidance and Big Consequences
Topics: Coffee Break, Guest Post
Posted by Haig Hovaness at 2:00 pm | No Comments »
Economic Questions: The Robert Nozick Question
On the simplistic reasoning Robert Nozick used to justify inequality and a minimal state
Topics: Guest Post, Politics, Social policy, Social values, The dismal science
Posted by Yves Smith at 9:55 am | 9 Comments »
Links 3/24/2026
Topics: Links
Posted by Yves Smith at 6:59 am | 38 Comments »
Iran War: US/Israel Attacks Near Iran Energy Infrastructure; Temporary TACO as Boots on the Ground Moves Continue? Postol on How Iran Nukes Israel in Retaliation and the Horrific Consequences; Gulf States Double Down on Loyalty to US
Today’s Iran war update: Trump moves toward a ground attack as positions on all sides are hardening and the global economy bleeds out
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 6:56 am | 182 Comments »
Spanish Government Intensifies Criticism of US-Israeli War on Iran As Trump Mulls Withdrawing US Troops from Spanish Bases
“We will not be complicit in something that is bad for the world and that is also contrary to our values and interests, simply out of fear of reprisals from someone.”
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 8 Comments »
The Economic Consequences of a Low-Skilled Immigration Sudden Stop: Evidence from Korea’s Guest Worker Programme
The example of South Korea suggests that a halt in immigration by low-skilled workers does not boost pay or job conditions for natives.
Topics: Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics
Posted by Yves Smith at 4:55 am | 7 Comments »
Coffee Break: Trump’s TACO Designed to Manipulate Markets
Today’s moves by the Trump regime employed one of the key elements of U.S. strategy in the Ramadan War on Iran: using deception to influence financial markets.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 46 Comments »
Claims About Genetic Superiority Ignore the Real Drivers of Human Inequality
People should be more concerned with the effects of the policies imposed by the Trumps and Musks of the world than the DNA passed on by their parents.
Topics: Income disparity, Social policy, Social values
Posted by Conor Gallagher at 9:55 am | 19 Comments »
Links 3/23/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 49 Comments »
Iran War: Trump’s 48 Hour Deadline Approaches; Soldiers Fearful as Lindsey Graham Calls for Their Sacrifice; Complacency in Face of Intersecting Shortages, Like Food and Plastics
Today’s Iran war update: Let us hope that this saying proves not to be germane – Things look the darkest before they go completely black.”
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Investment outlook, Japan, Macroeconomic policy, Media watch, Middle East, Politics
Posted by Yves Smith at 6:30 am | 371 Comments »
War Widens to the Caspian. Why Isn’t Iran Attacking Azerbaijan?
Iran issues warnings to Baku as Israel strikes its Caspian fleet in maritime space shared with Russia.
Topics: China, Doomsday scenarios, Energy markets, Europe, Middle East, Russia, Turkey
Posted by Conor Gallagher at 5:00 am | 7 Comments »
Boomerangs of Empire: Latin America as Colonial Laboratory
A Latin America case study on how the pursuit of empire has come to haunt the US.
Topics: Globalization, Guest Post, Income disparity, Politics, Social policy, Surveillance state
Posted by Yves Smith at 3:30 am | 3 Comments »
Links 3/22/2026
Topics: Guest Post, Links
Posted by Haig Hovaness at 6:55 am | 46 Comments »
Iran War: Trump Issues 48 Hour Unhinged Ultimatum to Iran; Iran Vows Mass Destruction Countermeasures; Israel Takes Hit to Dimona Area, Other Blows After Second Firing on Iran Nuclear Reactor Site ; More Warnings of Deep Damage from Strait of Hormuz Closure, LNG Reduction Effects
Today’s Iran war update: Trump threatens action which will lead to Iran retaliation that will destroy the world economy. Will he proceed?
Topics: China, Commodities, Credit markets, Currencies, Doomsday scenarios, Energy markets, Investment outlook, Media watch, Middle East, Politics
Posted by Yves Smith at 6:54 am | 321 Comments »
The Sunday Morning Movie Presents: Solaris (1972) Run Time: 2H 47M
Solaris is a film about the nature of memory and human encounters with the alien.
Topics: Guest Post, Sunday morning Antidote movie
Posted by semper loquitur at 6:30 am | 19 Comments »



