So if the best rationale for fiat currency is the flexibility it affords government in times of peril, then their prescription should be that we should only unhinge the dollar from gold in rough waters.

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They are expressions of a patriotic identity, transcending politics, to which Iranians attach themselves in times of uncertainty and peril and which Iranian film-makers, ever anxious to analyse the vicissitudes of their society, keep exploring, official interference notwithstanding.

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The people who, in times of great trouble, run toward the peril and not away from it.

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In all times and all markets, excess is a leading indicator of peril.

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