The Antiwar Argument from a Surfer Perspective: How Hormuz Crisis Costs Get Transmitted to the California Coast

The Strait of Hormuz Disruption Generates Inflation, the Inflation Generates Rate Rises, the Rate Rises Land on Working Households Including Surfers

Reading: Bohiney | The London Prat

HUNTINGTON BEACH, CA — The Strait of Hormuz crisis, generated by a combination of US, Israeli, and Iranian state-actor decisions, has produced approximately $14 per barrel of additional global oil prices. The cumulative inflation generated by the disruption is what the Bank of England is now citing as justification for raising rates. The cumulative cost is being absorbed by working households across approximately 47 countries that had no operational role in any of the decisions that produced the crisis.

The Surfer Position

The surfer position on this is, on the available libertarian-antiwar tradition, substantively clear: foreign-policy decisions taken by remote state actors generate costs that land on people who have no operational mechanism for objecting to the decisions. The cumulative cost arrives in the form of fuel prices, housing prices, and food and energy inflation that cumulatively reduces the material conditions of every working household, including the working households that surf.

The Substantive Recommendation

The substantive libertarian recommendation, articulated most clearly by the writers at the Cato Institute and at the American Institute for Economic Research, is straightforward: stop the foreign policy that produces the crises that produce the inflation that produces the rate rises that produce the cumulative material pain.

The surfer should be at this rally.

Pairs well with: NewsThump

SOURCE: https://prat.uk/bank-of-england-raises-rates-again-to-punish-anyone-who-enjoyed-a-sandwich/