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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Monday, February 21, 2022
Europe faces sanctions nightmare of paying for Putin’s war — Sarah Anne Aarup, America Hernandez
Energy bites. Energy is the lifeblood of an economy.
"all goods we make that Russia urgently needs to modernize and diversify its economy, where we are globally dominant and they have no replacement.”"
And which the Russians would then create as a replacement.
"We're not going to sell you things" is hardly a threat when the counter is to stop supplying Gas that the Russians can just as easily leave in the ground.
It's always a relief to know that dictators tend to be more enamoured with "sound money" nonsense than anything else. If they believed any MMT we'd be in big trouble.
“ And which the Russians would then create as a replacement. ”
Well why didn’t they just do that in 1980? Shelves were bare… couldn’t get bread…
Putin risks returning Russia to Cold War type second or turd world class material status… alienating large part of the population with real costs of his foreign adventures…
"all goods we make that Russia urgently needs to modernize and diversify its economy, where we are globally dominant and they have no replacement.”"
ReplyDeleteAnd which the Russians would then create as a replacement.
"We're not going to sell you things" is hardly a threat when the counter is to stop supplying Gas that the Russians can just as easily leave in the ground.
It's always a relief to know that dictators tend to be more enamoured with "sound money" nonsense than anything else. If they believed any MMT we'd be in big trouble.
“ And which the Russians would then create as a replacement. ”
ReplyDeleteWell why didn’t they just do that in 1980? Shelves were bare… couldn’t get bread…
Putin risks returning Russia to Cold War type second or turd world class material status… alienating large part of the population with real costs of his foreign adventures…
A used Zil is no substitute for a new BMW…
ReplyDelete