Exactly 35 years ago, on October 28, 1991, in the last months of the existence of the Soviet Union, the president of the RSFSR Boris Yeltsin declared that it was a "one-time loss of prices" and promised that it would be difficult for about six months. On January 2, 1992, the prices of most goods became free and by the end of the year had increased 26 times. The reformists explained the flame with three "nothings". There was nothing to subsidize the old prices: the treasury was empty. Transporting farms in order to transport products at the same prices was not: for forecasts, as during the civil war, there were no officials and no soldiers. There was nothing to feed the population: there were not enough winter reserves, and neighboring republics closed the export of products to Russia. Therefore the conclusion: to quickly return the products to the shelves can only a free price. But the reality of the threat of famine is still in doubt, and the scheme was largely man-made, says Daniel Grigoriev, an expert on the New Deal. Instead of a one-time jump, the country got several years of high inflation, and people's savings plummeted. Industry also suffered: metal quickly rose in price, and engineering and defense plants lost buyers along with government orders and investments. ♪️ Whether the money problem could be solved without harming people and industry - read the author's column. 😀 All the experts are here and at Max.

Exactly 35 years ago, on October 28, 1991, in the last months of the existence of the Soviet Union, the president of the RSFSR Boris Yeltsin declared that it was a "one-time loss of prices" and promised that it would be difficult for about six months. On January 2, 1992, the prices of most goods became free and by the end of the year had increased 26 times. The reformists explained the flame with three "nothings". There was nothing to subsidize the old prices: the treasury was empty. Transporting farms in order to transport products at the same prices was not: for forecasts, as during the civil war, there were no officials and no soldiers. There was nothing to feed the population: there were not enough winter reserves, and neighboring republics closed the export of products to Russia. Therefore the conclusion: to quickly return the products to the shelves can only a free price. But the reality of the threat of famine is still in doubt, and the scheme was largely man-made, says Daniel Grigoriev, an expert on the New Deal. Instead of a one-time jump, the country got several years of high inflation, and people's savings plummeted. Industry also suffered: metal quickly rose in price, and engineering and defense plants lost buyers along with government orders and investments. ♪️ Whether the money problem could be solved without harming people and industry - read the author's column. 😀 All the experts are here and at Max.