The Wrong Lens: Why Pressure Has Empowered Iran’s Hardliners

Seoul - Western analysis of Iranian politics has repeatedly made the same mistake. It has tried to understand a revolutionary, military-religious system through the logic of American politics. The result is a durable and costly misreading of how power actually works inside the Islamic Republic. The standard Western assumption is straightforward. Remove hardliners and relative … Continue reading The Wrong Lens: Why Pressure Has Empowered Iran’s Hardliners

Where Are the Adults? Fed and SEC Dead Silence as Markets Fracture at All-Time Highs

Markets are, at their core, nothing more than buy and sell. A transaction happens. Someone pays a price. Sometimes that price looks ridiculous the next day — what changed hands at $1 yesterday suddenly fetches $10 in the heat of the moment. This is normal. It is how price discovery works, however messy. I have … Continue reading Where Are the Adults? Fed and SEC Dead Silence as Markets Fracture at All-Time Highs