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The 2020s appear to be a never-ending parade of global groupthink. The Russian Oil Price Cap is yet another stupid and self-destructive idea that should have been suffocated at birth. It cannot possibly achieve what its supporters claim, and it represents emotional value signalling from the Big Hug Club rather than any semblance of rational thought.The belief is pure neoliberal hubris, based upon a category mistake and a complete misunderstanding of how national economies and their currencies work....New WaylandWhy the Russian Oil Price Cap Won't WorkNeilW
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The 2020s appear to be a never-ending parade of global groupthink. The Russian Oil Price Cap is yet another stupid and self-destructive idea that should have been suffocated at birth. It cannot possibly achieve what its supporters claim, and it represents emotional value signalling from the Big Hug Club rather than any semblance of rational thought.The belief is pure neoliberal hubris, based upon a category mistake and a complete misunderstanding of how national economies and their currencies work....New WaylandWhy the Russian Oil Price Cap Won't WorkNeilW
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Mike Norman considers the following as important:
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The 2020s appear to be a never-ending parade of global groupthink. The Russian Oil Price Cap is yet another stupid and self-destructive idea that should have been suffocated at birth. It cannot possibly achieve what its supporters claim, and it represents emotional value signalling from the Big Hug Club rather than any semblance of rational thought.The belief is pure neoliberal hubris, based upon a category mistake and a complete misunderstanding of how national economies and their currencies work....
New Wayland