@andersostlund @anders_aslund Starving banks of liquidity is the exact opposite of what you do to fight a recession. See 1929.
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@joecuppa@anders_aslund Basically the Russian State is saving itself at the cost of regular people and companies who lose credit access? -
@andersostlund@joecuppa Yes Putin's obvious priorities are international reserves, fiscal & security, no longer people's standard of living -
@anders_aslund@joecuppa Thank you Anders. Another Russian robbery in progress thus.
End of conversation
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@Brain_and_Body@anders_aslund Yes, but what are the effects? Money must be taken from lenders who will either be short of cash or pay more?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@andersostlund@anders_aslund trying to neutralise the effect on inflationThanks. Twitter will use this to make your timeline better. UndoUndo
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@andersostlund@anders_aslund Using Peter to pay Paul or Ponzi Scheme by Putin's Billionaire Boy's Club http://articles.latimes.com/1986-11-02/local/me-15853_1_billionaire-boys-club/2 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@andersostlund@anders_aslund in the long run its actions are destroying its credibility with international financial institutionsThanks. Twitter will use this to make your timeline better. UndoUndo
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