Tag Archives: Iranian economy

The Iranian economy is mired in a deep recession. The real or productive sector of the economy is paralyzed, largely by out-of-control (and often illicit) imports that have replaced domestic production. Rent seeking, corruption and the looting of national resources is pervasive. Both unemployment and inflation are extremely high. National currency is on the verge of collapse, and financial resources of the country are disproportionately invested in unproductive or parasitic activities such...

Good article about the political situation in Iran.Here is an aside. “The policy of the United States should be regime change in Iran,” Sen. Tom Cotton (R-Ark.) has said. “I don’t see how anyone can say America can be safe as long as you have in power a theocratic despotism.” Of course, this ignores US support of Wahabi and Salafi Saudi Arabia, Qatar, and UAE, which are far more repressive theocratic dictatorships than Iran's. Then, there is Israel, an apartheid state that is in effect a...