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Demand destruction: How the Iran war could rattle or break the US economy DEMAND DESTRUCTION \dɪˈmænd dɪˈstrʌkʃən\ n : The process by which persistent high prices or limited supply cause a permanent or sustained decline in the willingness or ability to purchase a good or...... Phil Mattingly and Richard Quest explain why higher gas prices are likely here for awhile On "Inside Politics," CNN's economic experts Phil Mattingly and Richard Quest break down the......