What Is the First Rule of Diplomacy?

The dollar became that common denominator, because precisely there was amnesty or, so so to speak, a plomatic immunity to who held the dollars. We would respect it. That's gone now. The afghanistan precedent was much bigger, because tat that was a direct a confiscation. There is some league, there is going to be some due process in terms of locating the taliban money,. but it's already set a precedent unlike any before where you have a central bank that can't trust that foreign exchange deposits are going to be there when they need them. It reminds me of when i was listening to a panel that your friend, pipper malgran attended a few weeks

Transcript

Play full episode

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app