THEAMERICANCONSERVATIVE (Anik Joshi) - The Wages of Economic Warfare
How to lose friends and influence people. The post The Wages of Economic Warfare appeared first on The American Conservative .
Foreign Affairs The Wages of Economic Warfare How to lose friends and influence people. The U.S. was not joined by many allies in its decision to go to war with Iran. Israel and some of the Gulf countries were the strongest supporters of the decision by far. Europeans opted to pass. Asian allies, like the Europeans, were far from supportive of the war because of both its first- and second-order effects. The war so far is affecting the U.S. mainly through higher gas prices and inflation—but when America sneezes, the world catches a cold. Developed markets are somewhat able to absorb shocks, but there are limits. European countries,…Open