2022-03-07
Articles Matt Levine’s explanation ot the significance of the west’s exclusion of Russia from the international financial system is really good. This is a major precedent in using the international financial system as a weapon of war and the implications are potentially quite expansive. Here’s one excerpt (which he laudably precedes with caveats arount the rule of law and the neutrality of money): But what I want to suggest is that this weekend’s actions are evidence that the basic structure is good....