Posted inCurrent affairs
Oh, no. Iran embraces the euro!
Vacationing as I am on Maui at the moment, I’m not going to spend much beach time worrying about Iran taking a step toward selling oil in euros rather than dollars. But when I read about this in the Honolulu Advertiser today, I couldn’t help remembering how Willamette University economics professor emeritus Russ Beaton has told Laurel and me that the Iraq war was fought, in large part, to prevent OPEC from moving to a euro-based oil sales/trading system. Russ is a progressive friend of ours. He’s forgotten more about economics than I’ll ever know, and I don’t pretend to…
