Saturday, August 2, 2014

"Russia's bumpy transition away from central planning ..." as told by tubby timmy


http://3.bp


post gosplan declines wildly  understated ?


  no sez timbo


" The sharp declines in economic growth in the 1990s are probably overstated"




"... Russia's economic output in 1991 was inflated by all the peculiar practices of the earlier central planners"


, and




..." Russia's economic statistics for the 1990s
failed to capture much  of the unreported "underground" economy. "