Krugman: The Logic of NACHO. On Wall Street, TACO has abruptly been replaced as a favorite meme by NACHO — Not a Chance Hormuz Opens. So what is preventing reopening of the Strait? Three factors: Trump’s ego, his ignorance, and Iran's belief that any agreement they reach would be worthless.

paulkrugman.substack.com/p/the-logic-of-nacho submitted by /u/mafco [link] [comments]