The author is a leading Russian economist, publicist, and TV and radio host. ( Wikipedia - Russian only ) Sometimes referred to as the "Russian Paul Krugman", he writes prolifically, and has a very large audience in Russia. His articles typically receive hundreds of thousands of views. He is known for explaining complex economic ideas in clear terms non-specialists can understand. He is a former senior economist in the presidential administration and a frequent speaker at international conferences. Recently, the Fed decided not to change interest rates. Various reasons were given, but as we know, there are two “parties” in the US, one which favors monetary easing, and the other, tightening, and each has arguments for their case. Economists are divided on how to proceed. They disagree on precisely this: which economic policies can facilitate growth in our times? A brief look at the last 50 years provides some context. In the 70s, household incomes fell, most of all...
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