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Matt Harband

Iranian Rial in Downward Spiral - 1 views

www.economist.com/21564607

Iran speculation hyperinflation inflation rial

shared by Matt Harband on 13 Oct 12 - No Cached
  • Matt Harband on 13 Oct 12
     
    The Iranian national currency, the rial has been in steady decline for months, and the only method that the government has used to combat the issue is to print more money-- not the best plan of action.
  • ...1 more comment...
  • Alexander Luckmann on 14 Oct 12
     
    Inflation at above 25% since January -- that's a ridiculous rate. As we saw in "Commanding Heights", economy and politics are closely tied together, and it will be fascinating to see to what extent the economy swings support toward Ahmadinejad's opposition. Could Iran be in a similar position as Russia was in the '80s, perhaps spending far too much on the military (nuclear bomb??) to manage the economy wisely?
  • Thomas Peterson on 15 Oct 12
     
    I agree with what Alexander said. I think it would be interesting to investigate whether or not the Obama administration has considered applying economic pressure to Iran in order to achieve diplomatic means. With Iran in such an unstable economic state (which I am surprised isn't covered more by American news media), why would the US government even consider using military force against Iran if the Ahmadinejad regime could be destabilized in another way. We'll see how Obama and Romney treat this issue in the foreign policy debate, as Obama could use an argument based on Iran's economic instability in going against Romney's position on using military force against Iran.
  • Kay Bradley on 15 Oct 12
     
    yes!
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