Ones and Tooze Protests in Iran
80 snips
Jan 16, 2026 Massive protests erupt in Iran, driven by a collapsing currency and rising inflation. Unlike previous waves, these demonstrations come from deep economic and political dissatisfaction, fueled by inequality and corruption. The hosts explore the potential impact of the Islamic Revolutionary Guard Corps and the various directions Iran's future could take. They also discuss the U.S. investigation into the Federal Reserve, analyzing market reactions and the importance of central bank independence.
AI Snips
Chapters
Transcript
Episode notes
Economic Collapse As Political Catalyst
- Iran's protests stem from a collapsing currency and runaway cost of living that have delegitimized the regime.
- Inflation over 40% and a halving rial each year created broad, cross-class unrest starting in Tehran's bazaar.
Currency Collapse Undermines Legitimacy
- The rial has devalued brutally, touching over a million to the dollar and forcing redenomination.
- Currency collapse plus 40%+ inflation (70% for food) has produced a legitimacy crisis for Iran's leaders.
Exchange Controls Fuel Corruption And Anger
- Iran's multi-tiered exchange system widened corruption by letting insiders access hard currency.
- That unequal access amplified public anger as ordinary Iranians bore the inflationary costs.