Ed Elson

Many have died.

Um, and then in response tariffs, it seems like that has been the response from, from Trump.

He's talked about the violence that we're seeing and he said, and in addition, we're putting this 25% tariff on Iran and also anyone who does any form of business with Iran.

What do we know about the tariff?

What do you make of this policy?

Yeah, it seems that, as you say, tariffs are a form of threat, and then also military action are a form of threat.

To use those two threats in the same sentence seems a little bit pointless.

One of them is far more severe than the other.

I assume that the tariffs are therefore just kind of pointless in that sense.

We'll keep following this.

I'm sure we'll probably have you back on to keep discussing this.

What do you think happens next if you had to make predictions about how this will start to play out at this point?

Is there anything that we could predict about what will happen in markets if we see some sort of military action?

Do you think that this would be a particularly explosive event for markets, or perhaps it's already kind of assumed that we're going to get violent?

Okay.

Maurice Obstfeld, former chief economist for the International Monetary Fund, senior fellow at the Peterson Institute for International Economics.

Maurice, as always, appreciate your time.

Thank you.

It's been a pleasure, Ed.

Thank you.