Before reading this, my attitude would have been, “Yeah, stick it to Putin!” You have pointed out many things I didn’t know, or hadn’t thought of, & helped me understand that freezing the US dollar accounts of the Russian Central Bank was probably not a good idea. Thanks!
Extremely well stated. The hidden consequences are always far more disastrous than shallow-thinking politicians can imagine. That of course, justifies the next bandage on the corpse of a once secure economy.
Not to be obnoxious, but I see this article to somewhat contradicting your theme in 'unbroken supply chain' article. More to the point, all that government interference ever does is to defy reality, tailoring the market in a manner that conflicts with free human action. Sustainability and security rests on having a market directed by the rational decision made by all participants in a free economy.
And further, if every dollar in circulation was tied to the productive action of each individual, I predict that a great many frivolous purchasing activity would evaporate.
You’re last paragraph could be taken to mean that spilling American blood in Ukraine would be a better option than fighting the Russians with the dollar. I don’t think that’s what you meant, but I hesitate to share this otherwise excellent article, because I find the last paragraph to be misleading.
Before reading this, my attitude would have been, “Yeah, stick it to Putin!” You have pointed out many things I didn’t know, or hadn’t thought of, & helped me understand that freezing the US dollar accounts of the Russian Central Bank was probably not a good idea. Thanks!
Extremely well stated. The hidden consequences are always far more disastrous than shallow-thinking politicians can imagine. That of course, justifies the next bandage on the corpse of a once secure economy.
Not to be obnoxious, but I see this article to somewhat contradicting your theme in 'unbroken supply chain' article. More to the point, all that government interference ever does is to defy reality, tailoring the market in a manner that conflicts with free human action. Sustainability and security rests on having a market directed by the rational decision made by all participants in a free economy.
And further, if every dollar in circulation was tied to the productive action of each individual, I predict that a great many frivolous purchasing activity would evaporate.
One wonders if the US dollar will survive all this.
You’re last paragraph could be taken to mean that spilling American blood in Ukraine would be a better option than fighting the Russians with the dollar. I don’t think that’s what you meant, but I hesitate to share this otherwise excellent article, because I find the last paragraph to be misleading.