An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, November 11, 2014
RT — Russia ends dollar/euro currency peg, moves to free float
Good move. Russia is now a currency sovereign with virtually no foreign debt other than commercial and almost a half a trillion in USD reserves, which cover the commercial debt.
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