Close Menu
    What's Hot

    From the Strip to the suburbs: VICI expands its Las Vegas footprint

    April 4, 2026

    Companies Are Replacing Workers Instead of Hiring More

    April 4, 2026

    X To Lock Crypto Twitter Account: Can Memecoin Survive?

    April 4, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Economy»Basic Public-Choice Analysis of Attacking Iran
    Economy

    Basic Public-Choice Analysis of Attacking Iran

    Press RoomBy Press RoomJune 18, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Public choice theory and its methodological-individualist foundations can be illustrated with a currently hot question: Will President Trump order an attack on Iranian military assets?

    It is, of course, not “the American people” who will decide; nobody has had lunch with him or her. (On this point, see my Independent Review article “The Impossibility of Populism.”) Although Mr. Trump wields extraordinary power, he will be influenced by his entourage, that is, mainly courtiers, minions, and cronies around him, and some individuals in his party’s remaining centers of influence. He will, if only intuitively, take into account the deep divisions on war issues within his voters’ base, as well as his pacifist or isolationist electoral promises. But his choice will still depend on how he analyzes or “feels” the situation. He may try or claim to protect the “US interest,” but such a thing does not exist given that the 320 million American adults (counting only American citizens) have diverse preferences and interests that cannot be arithmetically added up. Mr. Trump would not know how to think in terms of some rule-based common interest as conceptualized by constitutional political economy (an offshoot of public choice theory). The “US interest” is what he defines or conceives or imagines as such.

    Like on other topics—the results of the 2020 election, TikTok, presidential pardons, Haitians eating American pets, the compromission of the Department of Justice, the further militarization of the police, the decentralization of American federalism, the effect of tariffs, the growth of the public debt, the well-being and opportunities of ordinary people, and so on and so forth—Mr. Trump’s decision will be influenced by his own interests as he sees them.

    This does not imply that another strongman—perhaps a saint or wise man cognizant of the considerations above—could not be guided by other motivations. For example, he (or she, of course) could incorporate in his decisions a true concern for his fellow humans and for the future of liberty and a free society, but it would still be his conception of such concerns. This being said, prudence and analytical rigor strongly suggest to assume that rulers typically follow their personal interests.

    Note also that the considerations above apply whether one believes or not that, in the present case, destroying the Iranian state’s capacity to acquire nuclear weapons is justified.

    All these considerations confirm how dangerous it is to leave important state decisions largely in the hands of one individual, even if he is a genius anointed by 49.8% of American voters. The classical liberal and libertarian doctrine, developed over the last three or four centuries, defends the necessity of constraining and dividing state power.

    ******************************

    One scenario for the Fordow enrichment site in Iran

    One scenario for the Fordow enrichment site in Iran



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Wall Street slides as valuation concerns, rate-cut jitters linger

    November 18, 2025

    Wall St opens lower as valuation concerns, rate-cut jitters linger

    November 18, 2025

    They solved for the Kansas City Chiefs enforcement equilibrium

    September 5, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    From the Strip to the suburbs: VICI expands its Las Vegas footprint

    April 4, 2026

    Companies Are Replacing Workers Instead of Hiring More

    April 4, 2026

    X To Lock Crypto Twitter Account: Can Memecoin Survive?

    April 4, 2026

    Meta, Block Rebrand Some Managers As ‘Org Leads’ and ‘Player-Coaches’

    April 4, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • April 2026
    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.