The Intelligence from The Economist cover image

Straight out of Orwell: Russia’s propaganda machine

The Intelligence from The Economist

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What's the Government Doing About It?

The root of the problem is that government spends much more money than it takes in in tax revenues, and it prints money effectively. And they try to control the supply. They require exporters to surrender a huge portion of their proceeds to the reserve bank at the official rate. It completely destroys the confidence tha ordinaries and barbians have in their own currency, which is why it's ly inflating away.

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