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Podcast: The Great Simplification with Nate Hagens
Episode: Wide Boundary News: The Iranian War, Rising Gas Prices, and the Single Point Failure | Frankly 130
Description: This week's Frankly is another edition of Nate's Wide Boundary News series, where he invites listeners to view the constant churn of headlines through a wider-boundary lens. In this installment, Nate addresses the U.S. and Israeli military offensive against Iran and traces the reverberating effects that extend far beyond the conflict itself, starting with what the closure of the Strait of Hormuz means for a civilization that routes a massive share of its physical economy through a single maritime corridor. Nate begins with the core misperception that oil registers as roughly 3% of GDP by cost, when...