MGIMO Economics Professor: NIRP is Imploding Western Banking and Pension Systems, Russians Won't Accept the Cashless Society

...there's what works over the short term, including Nabiullinia's borrowing a page from President Ronald Reagan's former Fed Chairman Paul Volcker and his rate hike playbook for stopping runaway bets against the ruble, and then there's what may work over the long haul. Which will include a period of radical economic adjustment for the whole planet, also known as the Global Economic Reset (GER). If Russia has not yet had much less completed a debate on where its elites and people go from here, at least its economists can agree on what the West is doing that they MUST NOT do.

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