Comments by "Daniel Larson" (@daniellarson3068) on "Russia’s Monetary Policy is Like..." video.

That mushroom intro was good. Quickly two thoughts entered my head, the deadly Amanita and psilocybe mushrooms. That experiment could be bad news. Then you explained it. I'm no economist, but I can still think. As was mentioned, this is outside the realm of normal macroeconomics. Maybe, it's more of a microeconomic thing. The Russian ruble is a commodity. It's a commodity with very limited demand. The demand is primarily within Russia itself and the folks who run Russia are dictating in various ways as to how many rubles can be exchanged for goods. It's a true fiat currency. The folks who run Russia tell the people of Russia that this currency is worth so much. Since the outside trading done with that currency is now limited, it's value is seen higher than it actually would be in a free market. The trade within Russia is propping it up. The Russians expect their commodity, rubles, to be worth so much and trades showing lesser values of the ruble are refused. The value is based on what the Russians believe it to be worth in conjunction with the government edicts of worth. I hope my amateurish gobbledygook made some sense.
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