Fascinating piece on a U.S. navy website on "petroeuros," the Iraq war, and seignorage: <http://www.ccc.nps.navy.mil/si/nov03/middleEast.asp>. Conclusion: pricing oil in dollars and seignorage are No Big Deal.
Doug
Fascinating piece on a U.S. navy website on "petroeuros," the Iraq war, and seignorage: <http://www.ccc.nps.navy.mil/si/nov03/middleEast.asp>. Conclusion: pricing oil in dollars and seignorage are No Big Deal.