Putin has only one chance to avoid disaster/Getty Images
Ask here What economic policy is more reasonable for Russia in the current situation? A policy of low or high rates?
To refuse to pay the debt or still pay it? Russia today has only one correct measure of economic policy, and that is to stop the war with Ukraine.
Russia has no options
There are no other economic policy measures and cannot be. I completely agree with how Konstantin Sonin raised the question in his post about professionalism. And I will even sharpen it.
There is no difference between the conductor Belousov and the enlightened monetarist Nabiullina. Any economic policy measures proposed by either party are only economic measures to ensure the continuation of the criminal war of conquest, nothing more.
Putin has no choice/Photo by Getty Images
The war with Ukraine is a disaster for Russia
The debate about whether it is more beneficial for Putin to continue the war with soft or tight monetary, or fiscal policy, has nothing to do with Russia's interests, but only with the interests of Putin and his cabal. And the debaters are part of it.
The continuation of the war, under any policy, is a further plunge into the funnel of political and economic disaster. And with high or low stakes, you dive into it, it doesn't matter.
