Economics vs Politics

I remember in high school I had two very polarized instructors – one taught macro-economics and the other politics. The two were friends, but consistently dug at each other’s curriculum discussing how your other teacher is going to say policy drives the world when in reality it is this supply-demand curve – and vice versa.

So anyway, it will be interesting to see how real economics plays into the behavior of Iran as opposed to political bickering. And before anyone tries to say Iraq was already the case-study, the oil-for-food scandals break that model. An oppressive government that maintains a personal money-supply via corruption therefore has no need to act from an economic basis because the decision-maker is satisfied.