No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, January 20, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

Basic Public-Choice Analysis of Attacking Iran

by TheAdviserMagazine
7 months ago
in Economy
Reading Time: 2 mins read
A A
Basic Public-Choice Analysis of Attacking Iran
Share on FacebookShare on TwitterShare on LInkedIn


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 since the 260 million American adults 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



Source link

Tags: AnalysisattackingbasicIranPublicChoice
ShareTweetShare
Previous Post

Senate Budget Bill Doubles Down on House’s Threat to Health and Economic Security

Next Post

Best Online Resources for Continuing Legal Education (CLE)

Related Posts

edit post
Coffee Break: Armed Madhouse – Dangerous New Mideast Alliances

Coffee Break: Armed Madhouse – Dangerous New Mideast Alliances

by TheAdviserMagazine
January 20, 2026
0

Recent reports of preliminary negotiations for a military alliance of Turkey, Saudi Arabia, and Pakistan raise underappreciated risks. Similar concerns...

edit post
Everyone Take Copies – Econlib

Everyone Take Copies – Econlib

by TheAdviserMagazine
January 20, 2026
0

I have a new working paper with Bart Wilson titled: “You Wouldn’t Steal a Car: Moral Intuition for Intellectual Property.” ...

edit post
Trump Invites Russia To Join Board Of Peace

Trump Invites Russia To Join Board Of Peace

by TheAdviserMagazine
January 20, 2026
0

The Board of Peace was established in November 2025 to champion the Gaza-Israel ceasefire. Donald Trump will act as the...

edit post
China keeps benchmark lending rates unchanged despite slowing economic growth

China keeps benchmark lending rates unchanged despite slowing economic growth

by TheAdviserMagazine
January 19, 2026
0

BEIJING, CHINA - JANUARY 06: The People's Bank of China (PBOC) building is seen on January 6, 2025 in Beijing,...

edit post
Bari Weiss’ CBS Not an Auspicious Beginning to Total Info Control

Bari Weiss’ CBS Not an Auspicious Beginning to Total Info Control

by TheAdviserMagazine
January 19, 2026
0

Bari Weiss’ CBS tenure so far shows that for Larry and David Ellison, buying a media empire is one thing,...

edit post
Weak States, Not Limited States: Early Ming Governance and the Illusion of Proto-Liberalism

Weak States, Not Limited States: Early Ming Governance and the Illusion of Proto-Liberalism

by TheAdviserMagazine
January 19, 2026
0

Comparative political theorists and historians occasionally describe the early Ming dynasty (1368-1644) as one of the least intrusive periods of...

Next Post
edit post
Best Online Resources for Continuing Legal Education (CLE)

Best Online Resources for Continuing Legal Education (CLE)

edit post
New York Disrupts Cross-Border Crypto Scam as Meta Shuts 700 Accounts

New York Disrupts Cross-Border Crypto Scam as Meta Shuts 700 Accounts

  • Trending
  • Comments
  • Latest
edit post
Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a 8 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a $348 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

January 10, 2026
edit post
Utility Shutoff Policies Are Changing in Several Midwestern States

Utility Shutoff Policies Are Changing in Several Midwestern States

January 9, 2026
edit post
80-year-old Home Depot rival shuts down location, no bankruptcy

80-year-old Home Depot rival shuts down location, no bankruptcy

January 4, 2026
edit post
Tennessee theater professor reinstated, with 0,000 settlement, after losing his job over a Charlie Kirk-related social media post

Tennessee theater professor reinstated, with $500,000 settlement, after losing his job over a Charlie Kirk-related social media post

January 8, 2026
edit post
Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

December 27, 2025
edit post
Elon Musk Left DOGE… But He Hasn’t Left Washington

Elon Musk Left DOGE… But He Hasn’t Left Washington

January 2, 2026
edit post
The Strongest Trade Strategy in 2026

The Strongest Trade Strategy in 2026

0
edit post
History says there’s a 90% chance that Trump’s party will lose seats in the midterm elections. It also says there’s a 100% chance

History says there’s a 90% chance that Trump’s party will lose seats in the midterm elections. It also says there’s a 100% chance

0
edit post
Coffee Break: Armed Madhouse – Dangerous New Mideast Alliances

Coffee Break: Armed Madhouse – Dangerous New Mideast Alliances

0
edit post
Unusual Whales Extends Insider Radar to Prediction Markets With “Unusual Predictions”

Unusual Whales Extends Insider Radar to Prediction Markets With “Unusual Predictions”

0
edit post
Social Security Is Changing How It Handles Your Case — Why Experts Are Worried

Social Security Is Changing How It Handles Your Case — Why Experts Are Worried

0
edit post
Usa Rare Earth (USAR): Widerstand bei 19 USD pulverisiert!

Usa Rare Earth (USAR): Widerstand bei 19 USD pulverisiert!

0
edit post
History says there’s a 90% chance that Trump’s party will lose seats in the midterm elections. It also says there’s a 100% chance

History says there’s a 90% chance that Trump’s party will lose seats in the midterm elections. It also says there’s a 100% chance

January 20, 2026
edit post
Social Security Is Changing How It Handles Your Case — Why Experts Are Worried

Social Security Is Changing How It Handles Your Case — Why Experts Are Worried

January 20, 2026
edit post
6 States Where Eviction Filings Are Highest—And What to Watch For When Investing in Them

6 States Where Eviction Filings Are Highest—And What to Watch For When Investing in Them

January 20, 2026
edit post
Coffee Break: Armed Madhouse – Dangerous New Mideast Alliances

Coffee Break: Armed Madhouse – Dangerous New Mideast Alliances

January 20, 2026
edit post
Usa Rare Earth (USAR): Widerstand bei 19 USD pulverisiert!

Usa Rare Earth (USAR): Widerstand bei 19 USD pulverisiert!

January 20, 2026
edit post
Unusual Whales Extends Insider Radar to Prediction Markets With “Unusual Predictions”

Unusual Whales Extends Insider Radar to Prediction Markets With “Unusual Predictions”

January 20, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • History says there’s a 90% chance that Trump’s party will lose seats in the midterm elections. It also says there’s a 100% chance
  • Social Security Is Changing How It Handles Your Case — Why Experts Are Worried
  • 6 States Where Eviction Filings Are Highest—And What to Watch For When Investing in Them
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.