Mises Wire
Author:
Gary Richied
Online Publish Date:
and Kuala Lumpur. Therefore, Simon allowed for the Saudis to “bypass the normal competitive bidding process for buying Treasuries by creating ‘add-ons.’ Those sales, before the Saudis—one of them, literally! The truth is that both American foreign policy and to a very large extent, American domestic policy, are both wrapped up in the petrodollar arrangement. For the past fifty years,