No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, September 13, 2025
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
3 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
Market Talk – September 12, 2025

Market Talk – September 12, 2025

by TheAdviserMagazine
September 12, 2025
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 395.62 points or 0.89% to...

edit post
Coffee Break: Vaccine “Side Effects,” Outdated Theory of Disease, “Life” on Mars, and More on Liberalism

Coffee Break: Vaccine “Side Effects,” Outdated Theory of Disease, “Life” on Mars, and More on Liberalism

by TheAdviserMagazine
September 12, 2025
0

Part the First: Unintended Side Effects of Vaccines.  From Science-Based Medicine this week: Unintended Side Effects HPV and Shingles Vaccines—Reason...

edit post
Good Foundations – Econlib

Good Foundations – Econlib

by TheAdviserMagazine
September 12, 2025
0

In the Christian Bible, there is a parable of two builders.  One built his house on stone and the other...

edit post
September 12, 2001: Looking Back Ten Years

September 12, 2001: Looking Back Ten Years

by TheAdviserMagazine
September 12, 2025
0

The infamous 9/11 attacks took many Americans completely by surprise and seemed to come out of the “clear blue sky.”...

edit post
UK economy stalls in July, as slowdown sets in

UK economy stalls in July, as slowdown sets in

by TheAdviserMagazine
September 12, 2025
0

A road closure sign leans against a wall outside Royal Exchange in the heart of the City of London, on...

edit post
Poland Sends 40,000 Troops To The Border

Poland Sends 40,000 Troops To The Border

by TheAdviserMagazine
September 12, 2025
0

Poland is deploying about 40,000 soldiers on the borders with Belarus and Russia amid rising tensions after the Russian drone...

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
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a  cheesesteak every 58 seconds

Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a $12 cheesesteak every 58 seconds

August 30, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
The T “Wealth Transfer” Coming for the Housing Market

The $84T “Wealth Transfer” Coming for the Housing Market

September 11, 2025
edit post
Market Talk – September 12, 2025

Market Talk – September 12, 2025

0
edit post
BlackRock Weighs Tokenized ETFs Tied To RWAs: Bloomberg

BlackRock Weighs Tokenized ETFs Tied To RWAs: Bloomberg

0
edit post
Surviving the present, investing in the future: Gen Z’s financial balancing act

Surviving the present, investing in the future: Gen Z’s financial balancing act

0
edit post
Concurrent Gainers: 11 BSE 200 stocks gained for 5 days in a row – Consistent Winners

Concurrent Gainers: 11 BSE 200 stocks gained for 5 days in a row – Consistent Winners

0
edit post
Can Target (TGT) overcome the challenges it has been facing?

Can Target (TGT) overcome the challenges it has been facing?

0
edit post
Blackstone exec says elite Ivy League degrees aren’t good enough—new analysts need to ‘work harder’ and be nice 

Blackstone exec says elite Ivy League degrees aren’t good enough—new analysts need to ‘work harder’ and be nice 

0
edit post
Concurrent Gainers: 11 BSE 200 stocks gained for 5 days in a row – Consistent Winners

Concurrent Gainers: 11 BSE 200 stocks gained for 5 days in a row – Consistent Winners

September 13, 2025
edit post
Surviving the present, investing in the future: Gen Z’s financial balancing act

Surviving the present, investing in the future: Gen Z’s financial balancing act

September 13, 2025
edit post
UK turns to British royals, once heads of the largest empire, to soothe Trump, the most powerful person in the world

UK turns to British royals, once heads of the largest empire, to soothe Trump, the most powerful person in the world

September 12, 2025
edit post
Bitcoin Treasury Holdings Cross 3 Billion, Who Are The Major Stakeholders?

Bitcoin Treasury Holdings Cross $113 Billion, Who Are The Major Stakeholders?

September 12, 2025
edit post
One of the most common reasons that AI products fail? Bad data

One of the most common reasons that AI products fail? Bad data

September 12, 2025
edit post
BlackRock’s Rieder latest candidate to interview in Fed chair search

BlackRock’s Rieder latest candidate to interview in Fed chair search

September 12, 2025
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

  • Concurrent Gainers: 11 BSE 200 stocks gained for 5 days in a row – Consistent Winners
  • Surviving the present, investing in the future: Gen Z’s financial balancing act
  • UK turns to British royals, once heads of the largest empire, to soothe Trump, the most powerful person in the world
  • 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.