David Reavill

On Friday, May 22, 2026, Associate Supreme Court Justice Clarence Thomas swore in Kevin Warsh as the 17th Chairman of the Federal Reserve Board. Chairman Warsh will guide the nation's financial system for the next four years, and, like most recent Fed Chairs, he faces a most challenging economic environment.

On Friday, May 22, 2026, Associate Supreme Court Justice Clarence Thomas swore in Kevin Warsh as the 17th Chairman of the Federal Reserve Board. Chairman Warsh will guide the nation's financial system for the next four years, and, like most recent Fed Chairs, he faces a most challenging economic environment.

Today, let's you and I begin preparing a preliminary Financial Statement for the Iran Conflict. Of course, we won't have all the figures; many of the expenses have not yet been released by the US Government. But we can at least see the categories and get an "order of magnitude" picture of our Nation's financial liability.

Today, let's you and I begin preparing a preliminary Financial Statement for the Iran Conflict. Of course, we won't have all the figures; many of the expenses have not yet been released by the US Government. But we can at least see the categories and get an "order of magnitude" picture of our Nation's financial liability.

Today, let's you and I begin preparing a preliminary Financial Statement for the Iran Conflict. Of course, we won't have all the figures; many of the expenses have not yet been released by the US Government. But we can at least see the categories and get an "order of magnitude" picture of our Nation's financial liability.

Today, let's you and I begin preparing a preliminary Financial Statement for the Iran Conflict. Of course, we won't have all the figures; many of the expenses have not yet been released by the US Government. But we can at least see the categories and get an "order of magnitude" picture of our Nation's financial liability.

In 1973, the OPEC Oil Embargo caused the price of gasoline in the US to rise from 39 cents per gallon to 56 cents - a rise of just 36%, but enough to spur a bout of inflation that lasted for 7 years.

In 1973, the OPEC Oil Embargo caused the price of gasoline in the US to rise from 39 cents per gallon to 56 cents - a rise of just 36%, but enough to spur a bout of inflation that lasted for 7 years.

In 1973, the OPEC Oil Embargo caused the price of gasoline in the US to rise from 39 cents per gallon to 56 cents - a rise of just 36%, but enough to spur a bout of inflation that lasted for 7 years.

In 1973, the OPEC Oil Embargo caused the price of gasoline in the US to rise from 39 cents per gallon to 56 cents - a rise of just 36%, but enough to spur a bout of inflation that lasted for 7 years.