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Entries in Steve Hanke (1)


Iran Analysis: 5 Challenges to an "It's Not That Bad" Iranian Economist

Protest over Inflation, July 2012"Thanks to the strength of the salaried middle class and president Ahmadinejad’s free spending habits, awareness of inflation has heightened in all decision making circles in Iran.”

This is a curiously blithe comment, illuminating the tendency towards rose-coloured analysis. “Awareness of inflation” does not mean “dealing with inflation”. To the contrary, the dominant political story in Iran in the last few months has been trading of allegations between the executive and legislative branches, with Parliament and Ahmadinejad facing off over the second phase of the subsidy cuts programme.

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