IRAN: Carpet for Sale

In his camel-hair bathrobe, Mohammed Mossadegh sat up in bed and received Hjalmar Schacht, chief fixer of Nazi Germany's elastic currency. In Teheran at Mossadegh's summons to take a look at Iran's Scheherazadian finances, Schacht presented Mossy with a plan to stave off bankruptcy. Main feature: increase the amount of money in circulation by 20%. He also pointed out that there was no real hope of balancing the books unless Mossy could reopen the source of nine-tenths of Iran's national income: the refinery at Abadan. Schacht added bluntly: Iranians are "lazy," ought...

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