Comments by "Louis Giokas" (@louisgiokas2206) on "Russia’s Monetary Policy is Like..." video.

  1. Mark, I think you may be correct, but there is a wildcard in the equation. That wildcard is China. The situation is outside of pure economic theory and is political. Perhaps you should also talk to a political economist. China is likely to try to prop up Russia, for obvious geopolitical reasons. While this may not be effective in the long run, Xi and the CCP are playing some very dangerous games right now. Frankly, it seems like we are already in the beginnings of Cold War 2.0 (I miss the Cold War; I got to do a lot of interesting research with unlimited budgets). Russia, China and their allies will not do well in that environment. Actually, Russia and China have stated that they want a multipolar world order. They will get it. The world is basically heading back to the times before WWII. The last 30 years saw the genesis of a rules-based liberal world order. Then Putin, followed by Xi, came along and decided that wasn't what they wanted or needed. Prior to that we had the bipolar world order. The prior to WWII we had straight out imperialism and colonialism. That is the natural state of the world. China and Russia did not do too well in that milieu. There is no reason to believe it will be any different this time.
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  2. Germany went through hyperinflation in the 1920s. It did not kill them off. Something to keep in mind.
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