34f1fa92   
   XPost: soc.culture.baltics, soc.culture.czecho-slovak, soc.culture.russian   
   XPost: soc.culture.nordic, soc.culture.baltics   
   From: dsgood@iphouse.com   
      
   David Friedman wrote:   
      
   > In article ,   
   >  holman@mappi.helsinki.fi (Eugene Holman) wrote:   
   >   
   > > > By your account that isn't   
   > > > relevant to the case of Russo-Finnish trade, since the barter was   
   > > > using dollar prices both ways,   
   > >   
   > > They were not real dollar prices. They were "clearing" dollar   
   > > prices.  Clearing dollars are fictitious units of currency used for   
   > > book keeping purposes.   
   >   
   > If I correctly understood your previous explanation, they were using   
   > real dollar prices, just not real dollars.   
      
   The impression I got was that these were _ficticious_ clearing dollar   
   prices.   
      
   > That is to day, the price in clearing dollars for oil was the world   
   > price of oil (in real dollars) minus a discount.   
      
      
      
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