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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Thursday, June 18, 2015
TASS — Putin: government understands need to maintain dollar value against ruble at certain level
"Exchange rate difference is more potent and works more efficiently than budget support" for the real, export oriented production, the president said.
Because Russia is by far the richest nation in the world and its people already have so much of what they want that it is totally sensible to give away Russia's excess real resources to the rest of the world for less stuff in return.
Where did this mad idea come from?
Concentrate on the domestic market and let the international market look after itself.
Because Russia is by far the richest nation in the world and its people already have so much of what they want that it is totally sensible to give away Russia's excess real resources to the rest of the world for less stuff in return.
ReplyDeleteWhere did this mad idea come from?
Concentrate on the domestic market and let the international market look after itself.
So right, Neil.
ReplyDeleteNeil,
ReplyDelete"Never … murder a man who is committing suicide" :)
http://quoteinvestigator.com/2010/07/06/never-interfere/
did that concept originate with Wilson, Napoleon, or Ghenghis Khan? Or 10,000 years before that?