Saturday, August 2, 2014

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


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. "