Joe Blogs says money is just a commodity like any other; banks don't cause the BOOM/Bust cycle; & criticises President Putin's Introduction of New Foreign Currency Controls.
Joe Blogs says money is just a commodity like any other; banks don't cause the BOOM/Bust cycle; & criticises President Putin's Introduction of New Foreign Currency Controls.
ronchapman.substack.com
I disagree. Currency isn't a commodity; banks DO cause the Boom/Bust cycle & Russia's foreign currency controls help insulate its companies from foreign currency losses when the US dollar collapses.
Joe Blogs says money is just a commodity like any other; banks don't cause the BOOM/Bust cycle; & criticises President Putin's Introduction of New Foreign Currency Controls.
Joe Blogs says money is just a commodity like…
Joe Blogs says money is just a commodity like any other; banks don't cause the BOOM/Bust cycle; & criticises President Putin's Introduction of New Foreign Currency Controls.
I disagree. Currency isn't a commodity; banks DO cause the Boom/Bust cycle & Russia's foreign currency controls help insulate its companies from foreign currency losses when the US dollar collapses.