Death and destruction continue to mount in the Middle East due to the Iran War that the United States and Israel governments initiated at the end of February. While Americans an ocean away have been spared the costs imposed directly by missile strikes and other military actions, they are being subjected to substantial economic harm from the war.

In the Wednesday episode of his Peter Schiff Show, economist and investor Peter Schiff laid out some of the details of the financial damage the Iran War is bringing to Americans, including arising from a resulting increase in the US national debt.

Starting off his discussion, Schiff noted that the Donald Trump administration has quickly increased the “down payment for the military for the war” that the........

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