Domestic Economy

Sinking Into Economic Quagmire

Sinking Into Economic Quagmire
Sinking Into Economic Quagmire

Numerous ways have been pursued in Iran for countering inflation over the past decades, except for the reasonable, logical and scientific one, Hossein Haqgou, an economic analyst, wrote in an article published by the Persian-language daily Ta’adol. A translation of the article follows:
Do you know of any country in the world whose government announces the prices of bread and chicken? Recently, the Iranian government once again set the prices of 25 food items and warned of tough penalty against violators. 
Regrettably, the incumbent government [led by President Ebrahim Raeisi] is pursuing the same path as its predecessors, which path has already proven to be futile and leads to a quagmire that drags you further in as you tread harder.


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