Saturday, October 11, 2008
“Parallel universe” celebrates property crash
President Ahmadinejad has pronounced on the collapse of global capitalism, and announced that Iranians should stand ready to manage the world. Mr Ahmadinejad, who says he is proud of his ignorance of economics, also seems to believe the laws of supply and demand do not apply to the Islamic republic. He insists the excess amounts of cash in the economy, excess liquidity, is in no way to blame for the spiralling rate of inflation - 25% and counting.