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Daniel Larson
Econ Lessons
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Comments by "Daniel Larson" (@daniellarson3068) on "US DOLLAR: Russians' De Facto Currency?" video.
Normally, I think this guy is spot on. I didn't disagree with any of his fine rhetoric. However, I don't think people are thinking of freedom and liberty when they choose dollars instead of rubles. I think its simply a risk calculation. The dollar is more stable. The trend is your friend as Mr. Biernat says. The trend shows the ruble falling. The trend shows the dollar stable. Why take a depreciating asset in payment over a stable asset? Now, let's hope US policies keep the dollar as a relatively stable currency. Good video.
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