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Wednesday, September 10, 2008

Russia Also Has a Money Supply Problem

Russia is suffering the same inflationary problems created here by the Fed’s extravagant flooding of our market with excess liquidity since the Clinton administration’s dot.com boom and bust.  In Russia it’s the typical socialist economic problem of state planners’ inability to manage an entire economy successfully.

Read Russia And Europe: Who’s Driving Who[m]? on the Forbes Magazine website.

Posted by Thomas E. Brewton on 09/10 at 01:48 PM
Economics • (4) Comments
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