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IN BRIEF

Despite Plan, Iranian Sanctions Push Oil Prices Skyward

FEBRUARY 28, 2012

“U.S. and EU sanctions on Iran’s crude oil exports and its central bank were not supposed to affect either the volume of oil available or its price, provided markets reacted ‘rationally’…. But the policy has backfired. Oil prices have surged, harming consuming countries and offsetting the impact of lower exports on Iran’s revenues…. [T]he thicket of sanctions on Iran imposed by the European Union and United States is now so complex it is becoming hard to conduct trade that is supposed to be permitted.” (Reuters)

Imagine that: The experts get it wrong . . . again.

FEE Timely Classic
“The Law of Supply and Demand” by Israel M. Kirzner

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June 2013

Cities are vast, complex orders that emerge from the voluntary actions of millions of people. In this issue, we take a look at them, from Sandy Ikeda's examination of the invisible blueprints that define cities, to Rod Lockwood's concept of a free city that could rescue Detroit, to Troy Camplin's theories of why cities exemplify the unity of paradox that defines beauty. Speaking of beauty, we reintroduce poetry to The Freeman. We also introduce The Arena, a monthly debate feature, and much, much more.Download Free PDF

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The Arena is a monthly debate feature designed to help readers explore issues of concern to classical liberals/libertarians.

This month, the issue is immigration. The proposition is: The US should open its borders. Nathan Smith will be arguing for the proposition. A. M. Fantini will be arguing against the proposition.