Haaretz reports that some of the current rockets have a range of 150 km, which is longer than most of what has been fired in the past. So here is my question: when do those rockets become sufficiently powerful and numerous that they can close down Tel Aviv Airport, which is of course the main route in and out of Israel, especially for well-off people. If that can happen, is this not like a housing bubble game, where things can go very sour very quickly? And in the meantime, will the Israel government attempt “lower the mean, increase the variance” strategies, if only to forestall what is to them an obviously unacceptable outcome, namely that Hamas can could close Tel Aviv airport at will? Are we already at the point of seeing such mean-reducing strategies? If not, how much worse will things be when we get there?