Hard Currency, Soft Currency and Dollar Hegemony — vulcanhammer.info

In its dealings with first the Chinese and later with the Soviets, one of the first things Vulcan learned was the difference between hard and soft currency. That was true both in the travel expenses and in the process of selling equipment (and later buying equipment and technology.) Let’s start with the Chinese: this notice […]

Hard Currency, Soft Currency and Dollar Hegemony — vulcanhammer.info

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