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That's a pretty poor summary... > Weber particularly admires the enforcement mechanism: any ships that purchase Russian oil above the G-7-mandated price will n
by nberkman 3y ago
That's a pretty poor summary...
> Weber particularly admires the enforcement mechanism: any ships that purchase Russian oil above the G-7-mandated price will not be eligible for insurance. “That’s exactly the right principle,” she told me. “You don’t create some global board of price regulation, which will be guaranteed to fail. You work with the existing market infrastructure.”
- Consultant32452 3y agoPrice fixing and regulation are forms of control.
- zeroonetwothree 3y agoWho determines the oil price ceiling if not some “global board of price regulation”? Is it just magic?