Archive for Yuri Olsevich

Perspective: Soviet Keynesians

The Soviet Ministry of Finance would be very surprised to find out that its monetary policy since 1985 has been a typical Keynesian one. The Keynesians advocate a budget deficit and oversupply of money for the stimulation of consumer demand. Keynesianism was discredited in the West during the 1970s because Keynesian policies directly led to [...]

1Dec1991 | Yuri Olsevich | 0 comments | Continued
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