Occasional Tweets: Economists do not know what pacta sunt servanda means

 

#Econ

This is NOT a chicken game, this is pacta sunt servanda [a brocard and a fundamental principle of law, Wikipedia]. Russia honors contracts and agreements. This cannot be said of the West/USA. The rest of the world gets a life demonstration of who are the good/bad guys.

— E.K-H (@AXECorg) March 30, 2022

For details of the big picture see cross-references Political Economics/Stupidity/Corruption.