The “Iron Curtain” label is sensational but useful because it forces people to ask: Which side of the fence do I want my wealth on? And once that fence becomes harder to cross, the answer is to act before the gate slams.
It is an interesting way to obtain capital control. Is it also a way to “encourage” people to buy sovereign debt. From an American pov it appears to concede that Europe can’t really create a capital market.
The “Iron Curtain” label is sensational but useful because it forces people to ask: Which side of the fence do I want my wealth on? And once that fence becomes harder to cross, the answer is to act before the gate slams.
Tax scavenge mode as Francis Hunt would say.
It is an interesting way to obtain capital control. Is it also a way to “encourage” people to buy sovereign debt. From an American pov it appears to concede that Europe can’t really create a capital market.
Thanks Chris. Looks like Techno-feudalism. Best stay away from that continent!