"the US dollar exhibits a close and stable relationship with the US terms of trade" As US shifts from being a net oil importer to a net oil exporter -> higher commodity prices will tend to raise the US terms of trade & $. Inverting previous pattern.
ft.com/content/424802… https://t.co/bcWSEmssSs
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…