by Summary:
The post fails to distinguish between public and private debt, but otherwise of interest. One of the reasons that the Russian economy "looks better" is the conservative monetary policy run that the central bank is running and the conservative fiscal policy that the government is running. Putin backs both. Russia could be doing a whole lot better running a looser monetary and fiscal stance, but then it would not "look as good" to international investors, which Russia has no need to depend on anyway since it is a currency sovereign. Russia would actually look a lot better if it were booming and that is possible to achieve through more enlightened (MMT-based) economic policy. Russia InsiderRussia Is in Much Better Economic Shape Than Your Are Being Told Paul Goncharoff
Topics:
Mike Norman considers the following as important: Russian economy
This could be interesting, too:
The post fails to distinguish between public and private debt, but otherwise of interest. One of the reasons that the Russian economy "looks better" is the conservative monetary policy run that the central bank is running and the conservative fiscal policy that the government is running. Putin backs both. Russia could be doing a whole lot better running a looser monetary and fiscal stance, but then it would not "look as good" to international investors, which Russia has no need to depend on anyway since it is a currency sovereign. Russia would actually look a lot better if it were booming and that is possible to achieve through more enlightened (MMT-based) economic policy. Russia InsiderRussia Is in Much Better Economic Shape Than Your Are Being Told Paul Goncharoff
Topics:
Mike Norman considers the following as important: Russian economy
This could be interesting, too:
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One of the reasons that the Russian economy "looks better" is the conservative monetary policy run that the central bank is running and the conservative fiscal policy that the government is running. Putin backs both.
Russia could be doing a whole lot better running a looser monetary and fiscal stance, but then it would not "look as good" to international investors, which Russia has no need to depend on anyway since it is a currency sovereign. Russia would actually look a lot better if it were booming and that is possible to achieve through more enlightened (MMT-based) economic policy.