Reagan's Secret Iran Arms Deal: Conspiracy Theory That Became Reality - YouTube
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The Iran-Contra affair is the ultimate proof that "conspiracy theory" is sometimes just history waiting to be confirmed — and a masterclass in how power operates in the shadows.
Deep State TheoryPrincipal-Agent ProblemInformation AsymmetryElite Theory
Theory Briefing
- Reagan's secret arms deal with Iran began as a dismissed conspiracy theory before congressional investigations proved it entirely real.
- The scandal revealed a shadow government operating outside democratic oversight, a textbook case of the Principal-Agent Problem in politics.
- Covert profits were illegally funneled to Nicaraguan Contras, showing how elite actors exploit information asymmetry to bypass institutional checks.