Jeffrey Sachs on Charter Cities and How to Reform Graduate Economics Education (Live at Mason)
Conversations with Tyler
Russia and China Faced a Financial Crisis
In 1991, Russia faced an acute financial crisis. The price of oil had declined at $10 a barrel and Gorbachev had borrowed tens of billions of dollars from 1985 to 1991. China did it without us, without American help for the most part. So what is it about Russia that meant Russia couldn't do it?
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