Modern Political Economics Making Sense of the Post-2008 World Yanis Varoufakis Joseph Halevi Nicholas Theocarakis
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yanisvaroufis just to spin his book and our enjoyment of economics and Nothingness... Well damn... he tweeted back... thanking us for Being there.
In the late 80's we accepted rubles in some of our stores in Nome when we opened the border with the Soviet Union on June 13/14 1988. We thought we could take the rubles back into Chukotka just across the Bering Strait from Nome, Ak. and expand businesses and economic development, I wrote about this idea as "Currency Integration" where local businesses decided the exchange rate and what items in their stores could be exchanged for rubles... we were thinking of talking those rubles back into the Soviet Union to pay and employ Soviet citizens in cross border trade and business... it didn't work Soviet banking reminded us that Soviet law prohibited the use of rubles outside the Soviet Union... ok we ended up selling Soviet rubles to tourist visiting Nome from the lower 48 at near 1-1 exchange rates for dollars.
I wrote Milton Freeman about the idea... he wrote me a nice letter on our risk taking to solve monetary exchanges in moving money back and forth... so Varoufakis book with his authors is worth reading... understanding where we are going in "Modern Political Economics: Making Sense of the Post-2008 World".
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