At a time when Iran’s economy has buckled under the weight of inflation and global isolation, economist Mahmoud Jamsaz in an article published in the state-run Bahar News website on April 1, cautiously criticized the structure of the country’s political economy. He discussed the role of inflation and the regime’s expansionist policies in the collapse of the national currency’s value.

However, like many in-system commentaries, his analysis remains veiled in ambiguity and self-censorship, hiding the main root of this catastrophe: the system led by the regime Supreme Leader Ali Khamenei and his inner circle, through the systematic plundering of the nation’s resources and destructive policies, has driven Iran into poverty and misery.

Inflation, which Jamsaz describes as the enemy of predictability and investment, is not merely an economic phenomenon in Iran but a weapon wielded by the regime to loot the people. Over the past 45 years, the value of the national currency has plummeted by 99.99%, sinking to the bottom of global currency rankings.

A single unit of currency from 1979 is now worth a mere fraction of 1/10,675 of its former value. This collapse, which has driven general price levels up by more than 10,600 times, is the direct result of the regime’s policies: unrestrained money printing, massive budget deficits, and the distribution of enormous rents to preserve its survival. Without knowing the identity of........

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