The View From 1776
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.