3min chapter

GoodFellows: Conversations from the Hoover Institution cover image

Soft Landing: Larry Summers On Inflation, Debt, And A Looming Recession

GoodFellows: Conversations from the Hoover Institution

CHAPTER

The Case for Financial Sanctions

The case for financial sanctions is parallel to churchill's case for democracy. They're terrible, but they're better than or,. And so that's the case for a financial sanctions. Second, i think it's going to be very hard. I cannot imagine a world where we would like to use financial sanctions for the dollar and people are going to be doing things in europe or japanese yen, or norwegian croner. It seems to me that as this possibility of a more atavistic view of currencies takes hold, i would think the people will be more reluctant to hold their reserves in r m b.

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