Word: inflationitis
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The rosy talk out of the President's office does not match up with the realities faced by ordinary Iranians. "They look at their pockets and find nothing positive there," says the Iranian journalist. "They cannot believe all those optimistic figures given by the government. The government says that inflation...
In the EU, monetary policy is controlled by the European Central Bank, and most of the member countries have joined the “Eurozone,” the term for the monetary area in which the Euro is used. Thus, one central bank controls the supply of money for...
To be sure, it would be difficult to hack away at the funds needed to wage the wars in Afghanistan and Iraq. Yet military spending today is 41% more than it was in 1998, not even counting the billions earmarked for the wars. The cost of a standing military, after...
In 1973, 100 Greek Drachmas would get you $3.33. By May 2000, that was down to 27. That's the way the currency crumbles in a smallish, less than rich nation beset by government budget deficits, inflation and a spotty record of economic policymaking. Convincing foreign investors to buy your...
With inflation and unemployment running at 30% in Iran, continuing demonstrations in the country and shaky oil markets, the Obama Administration should be considering the distinct possibility that the IRGC may welcome an open conflict with the U.S. (and Israel), its coup d'état solidified.