Pages

Pages

Sunday, November 3, 2024

24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Not much happening regarding MMT these days.

Herer is an anecdotal report on Russian banking. And, yes, you read that right. You get 24% not the bank.

Doctorow is an American residing in Brussels who spends a good deal of time in Russia. His wife is Russian and he is fluent in Russian. A "Russianist," he has a a PhD in history (Harvard) and is a retired business person. His reporting does not conform to the narrative.

Gilbert Doctorow—International relations, Russian affairs
24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three
Gilbert Doctorow

3 comments:

  1. It's bizarre they haven't worked out that such a payment is bound to stoke rouble price rises.

    ReplyDelete
  2. Nothing ever going to happen until they address the basic deficiency in their academic methodology…

    ReplyDelete
  3. MMT UK has devolved into a cheering section for terrorists…

    ReplyDelete