More than two months of direct fighting with the Houthis has heavily taxed the U.S. military, which is spending a significant amount of money to take down cheap drones, launch retaliatory strikes and defend against rebels who are, in turn, shooting down pricey American drones.
This is the first time in centuries that the region ever had any kind of naval deterrence. What a time to be alive!
In most cases, the U.S. is launching $2 million defense missiles to stop $2,000 Houthi drones, a discrepancy that the Yemeni rebel group has noted in its statements mocking Washington.
Good.
Still, he noted that Maersk has hiked its shipping cost for a 40-foot container from $2,000 to $6,200, and a drawn-out conflict could impose costs on countries like Egypt, which gets a large share of its tax revenue from ships in the Suez Canal.
Prosperity Guardian? Enjoy your inflation on top of your inflation!
