{"id":3368,"date":"2026-07-15T14:37:39","date_gmt":"2026-07-15T14:37:39","guid":{"rendered":"https:\/\/nextaddressamerica.com\/?p=3368"},"modified":"2026-07-15T14:37:39","modified_gmt":"2026-07-15T14:37:39","slug":"trumps-forever-war-has-entered-a-scary-new-phase-nobel-economist","status":"publish","type":"post","link":"https:\/\/nextaddressamerica.com\/?p=3368","title":{"rendered":"Trump’s forever war has entered a ‘scary’ new phase: Nobel economist"},"content":{"rendered":"
\n

As President Donald Trump\u2019s war with Iran ramps back up, Nobel Prize-winning economist Paul Krugman warns that the conflict has entered a \u201cvery scary phase\u201d in which the danger extends beyond \u201cbombs and drones.\u201d As the war spirals out, says Krugman, Trump may bring the fighting back home. <\/p>\n

Read more Trump spiraling because everyone knows his threats are \u2018not to be taken seriously\u2019<\/a><\/p>\n

\u201cThe U.S. position has been wildly erratic,\u201d wrote Krugman<\/u> on Wednesday. \u201cFirst, Trump said he was going to impose a 20 percent toll on all shipping, basically turning the Strait of Hormuz into a U.S. toll booth, which would have been wildly illegal and irresponsible, aside from being impossible. Now he says, no, he\u2019s going to demand that countries invest in the United States, which is also actually wildly illegal. But in any case, it\u2019s never going to happen.\u201d<\/p>\n

\u201cAnd yet,\u201d he continues, \u201cthis is extremely scary. The reason to be afraid is not that I think the war is going to come to America. It\u2019s not even that I think the United States is going to seriously try to occupy Iran. We don\u2019t have the troops. We don\u2019t have the missiles. Trump depleted a large share of our weaponry in the course of his failed war so far.\u201d<\/p>\n

Krugman explains that he\u2019s most worried because it increasingly looks \u201cas if Trump has given up on trying to extract something that looks like victory.\u201d Just a few day ago, it appeared \u201cthat Trump was going to de facto pull out, give up on the project, take advantage of falling oil prices because the strait was sort of kind of open \u2014 and try to spin the story about how this was actually an American victory and the economy is great and look at the stock market.\u201d<\/p>\n

This plan, asserts Krugman, was both \u201cstupid and doomed,\u201d and was \u201calso kind of amazing because a serious attempt to end the conflict would have required facing up to reality, saying, OK, this war didn\u2019t go well, but America remains great. Sorry about that.\u201d But Krugman says Trump is not \u201cemotionally\u201d capable of admitting such a failure. <\/p>\n

Read more Angry Florida flyers sound off over \u2018gross\u2019 Trump Airport name change<\/a><\/p>\n

Instead, Trump has pivoted back to open conflict and bumbled attempts at extracting concessions, a decision Krugman says is \u201cominous\u201d in light of the fast-approaching midterms. The return to war means further disruptions, and that Trump can\u2019t rely on short memories and easing gas prices to reduce the headwinds Republicans face heading into the elections.<\/p>\n

According to Krugman, \u201cI don\u2019t think it\u2019s a coincidence that just as Trump essentially gives up, not gives up in the sense of abandoning his war, but gives up on trying to achieve anything he can even spin as a positive outcome, that we now have an announcement that this Thursday he\u2019s going to have a primetime speech, which reports say is going to be about election fraud in 2020. Some reports hinting that he might try to declare the two Democratic senators from Georgia somehow illegitimate.\u201d<\/p>\n

Krugman says that while no one will believe him, \u201cwhat is happening is that effectively he\u2019s setting up the pretext, the groundwork for massive interference in the vote this November. That we\u2019re basically seeing the stage set for some kind of attempt to block fair elections, maybe block elections entirely.\u201d<\/p>\n

\u201cThe fact that Trump is back to bombing Iran is really bad news,\u201d Krugman concludes, \u201cnot because I have any real fear that America is going to be at risk from a foreign power, but because I think it signals an enormous risk to us from our own president, our own government. Be afraid, be very afraid.\u201d<\/p>\n

Read more Former Blanche colleagues explain why he should never be attorney general<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

As President Donald Trump\u2019s war with Iran ramps back up, Nobel Prize-winning economist Paul Krugman warns that the conflict has entered a \u201cvery scary phase\u201d in which the danger extends beyond \u201cbombs and drones.\u201d As the war spirals out, says Krugman, Trump may bring the fighting back home. \u201cThe U.S. …<\/p>\n","protected":false},"author":1,"featured_media":3367,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nTrump's forever war has entered a 'scary' new phase: Nobel economist - Next Address America<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextaddressamerica.com\/?p=3368\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump's forever war has entered a 'scary' new phase: Nobel economist - 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