David Frum

@davidfrum ↗

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Last Checked March 2, 2022

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Sun Feb 27 17:21:19 +0000 2022

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David Frum @davidfrum

A totalitarian regime can compel its subjects to accept a "money" that does not buy things they want. Soviet joke: a shopper enters a shop to buy fish. "No, no," the clerk answers. "We are the store that doesn't have meat. The store that doesn't have fish is around the corner." — PolitiTweet.org

Posted Feb. 27, 2022

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David Frum @davidfrum

The trouble for an authoritarian regime comes when it seeks the benefits of at least a partially market economy and at least some economic integration with the rest of the world. 4/x — PolitiTweet.org

Posted Feb. 27, 2022

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David Frum @davidfrum

But once the regime opens even a little, it needs to persuade its subjects that its money *can* buy things. And a money that can buy things is a money that must have some way to be converted into other currencies - and most especially the central currencies: dollar, Euro, pound. — PolitiTweet.org

Posted Feb. 27, 2022