Great powers do not run one war at a time. They run a portfolio of risk. The binding constraints are not courage or rhetoric; they are magazine depth, industrial replenishment speed, alliance cohesion, and senior-leader attention. A U.S. campaign against Iran therefore cannot be evaluated in isolation. It must be assessed against the broader risk …
Iran, The Global Risk Budget and the Volatility Tax Through the Trinity: DeMarco Banter
Mastermind Century Group 