"Yellen says price cap on Russian oil is ‘one of our most powerful tools’ to address inflation" (You can't fix stupid) - The Great Awakening

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"Yellen says price cap on Russian oil is ‘one of our most powerful tools’ to address inflation" (You can't fix stupid) (www.cnbc.com)

posted 2 years ago by gnuguy 2 years ago by gnuguy +17 / -0

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– Richone 3 points 2 years ago +3 / -0

Prices are set by the seller, and are based on supply and demand. The seller will sell it to the highest bidder for that item. If Russia can’t sell to the U.S., then they will sell it on the open market for the highest price they can get. Once it’s sold, it can be resold several times and will probably end up in the U.S. anyway. Yelled hasn’t a clue.

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