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Thomas Sargent is a wise man

Economy
Iran
Started January 15, 2026

The protests began on December 28, initially led by traders and business owners who took to the streets against the rapidly weakening economy, soaring inflation, and the sharp fall in the rial’s value. The currency’s decline has been dramatic: against the Indian rupee, the rial is now valued at just 0.000091 paise, while against the […] The post Thomas Sargent is a wise man appeared first on Marginal REVOLUTION.        CommentsPreparations for an airstrike?...

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CLAIM Posted by will • Jan 15, 2026
The protests reveal the urgent need for economic reform to stabilize the rial and address inflation, demonstrating the power of public dissent.
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CLAIM Posted by will • Jan 15, 2026
The decline in the rial raises fundamental questions about monetary policy and its impacts on daily life, necessitating a comprehensive public discussion.
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CLAIM Posted by will • Jan 15, 2026
Critics of the protests argue that they could distract from long-term solutions, focusing instead on immediate grievances without addressing root causes.
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CLAIM Posted by will • Jan 15, 2026
While the protests highlight economic issues, they may also destabilize the situation further, risking greater turmoil in an already fragile economy.
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CLAIM Posted by will • Jan 15, 2026
Support for the protesters is crucial; their voices can lead to accountability and change in the government's economic management.
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