Sometimes the problem you get is not the problem you expect

News reports are pouring in regarding the recent riots in Iran. From the Houston Chronicles we read…..

TEHRAN, Iran — Iranians smashed shop windows and set fire to a dozen gas stations in the capital Wednesday, angered by the sudden start of a fuel rationing system that threatens to further increase the unpopularity of President Mahmoud Ahmadinejad.

Police were sent to guard some stations after the violence, and there was calm during the day as motorists lined up to fill their tanks under the new restrictions.

The government had been warning for weeks that rationing was coming, but the announcement of its start just three hours before the plan took effect at midnight Tuesday startled people and sent them rushing to get one last fill-up.

The rationing is part of a government attempt to reduce the $10 billion it spends each year to import fuel that is then sold to Iranian drivers at less than cost, to keep prices low.

What if everyone has been fearing he wrong problem. Maybe the real threat to world’s prosperity comes not from Iran’s nuclear weapons but from Iran’s complete collapse. Has anyone thought about what a collapse in Iran would look like?

Rant of the Week: 6/24/07-6/30/07

This week’s rant of the week is tangentially related to Michael Moore’s latest movie on the American health care system. Seeing as some of us here at The Ethereal Voice read widely in the field of economics commentators we could have chosen a more technical argument. But instead we have chosen the observations of an someone who has experience with both the French system and the system in the US. The simplicity of her observations are more effective then a long technical argument we think. But we must admit that we considered this post by Dr. Bob for rant of the week instead. One wonders, did we choose the right one to make rant of the week or did the late night get the better of us?