Oddbean new post about | logout
▲ ▼
Cyph3rp9nk | 1 months ago (raw) | root | parent | reply | flag +2 
 If sanctioning the countries that question the hegemony of the dollar does not seem imperialism to you...
▲ ▼
oren_z0 | 1 months ago (raw) | root | parent | reply | flag +1 
 Sanctioning a country is telling everybody not to do business with that country, monopolizing the market.
He’s only saying that the USA won’t import from that country.
The USA does not have a monopoly on consumption. His assumption that the other side will bend over is wrong.

A voluntary exchange of money for products benefits both sides, and blocking it hurts the buyer as much as it hurts the seller.
▲ ▼
9199740a | 1 months ago (raw) | root | parent | reply | flag 
 it might backfire spectacularly, but I'm glued in to see what's going to happen. 
what if your fedimint kept running out of sats and your people couldn't produce competitively it's doubling down a gamble on America and I love it