It’s not like anyone could have foreseen it…
With national security worries about Iran everywhere these days, the gas riots there yesterday make the Ahmedinejad regime seem not only less fearsome, but just plain stupid. No, not crazy, stupid: stupid enough to be incompetent schemers, and stupid enough to try to fix a botched state intervention — price subsidies — with another intervention — rationing — to reduce consumption after those subsidies artificially inflated demand. Who knew?
