How to win a civil war?

Don’t overestimate the military dimension, the law matters too:

In what may be the most significant development of the civil war since the Western airstrikes began, the rebels just declared the formation of a new “Libyan Oil Company,” and “the designation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya.”

This is really important. It means that a rebel government, recognized by France, now has an oil company and a central bank.

Here is more.  The next step is to get them targeting nominal gdp.


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