.he gives Trump a lot more credit than most economists
Has Varoufakis ever been right about anything? His political career showed him to be a naive lightweight who thought he could strong-arm the EU. He didn’t understand the simple principle that you don’t get into a showdown when someone else is holding almost all the cards.
His analysis pieces since then haven’t showed much insight either.
And I’m still waiting for someone, anyone credible, to quantify the benefit to the US of the dollar’s status as a global reserve currency. How many takeaway food orders per month can I afford now because of it?
And while we’re at it, why would any country buy RMB unless they were a vassal state?
.he gives Trump a lot more credit than most economists
Has Varoufakis ever been right about anything? His political career showed him to be a naive lightweight who thought he could strong-arm the EU. He didn’t understand the simple principle that you don’t get into a showdown when someone else is holding almost all the cards.
His analysis pieces since then haven’t showed much insight either.
And I’m still waiting for someone, anyone credible, to quantify the benefit to the US of the dollar’s status as a global reserve currency. How many takeaway food orders per month can I afford now because of it?
And while we’re at it, why would any country buy RMB unless they were a vassal state?