Inflation is always self inflicted. What it means is they have been running the printing press full tilt.
People can speculate as to why, and if that is because sanctions, war spending, or as Russian gov officials in this article say, incompetence. But that's all conjecture.
Regardless, increased credit will definitely build an economy output. It just might cripple your currency.
ZeroHedge is far from "Mainstream". This reporting is directly from Russia.
It does mesh.
Inflation is always self inflicted. What it means is they have been running the printing press full tilt.
People can speculate as to why, and if that is because sanctions, war spending, or as Russian gov officials in this article say, incompetence. But that's all conjecture.
Regardless, increased credit will definitely build an economy output. It just might cripple your currency.