Victory by Peter Schweitzer
On the Brink by Jay Winik
I’m fairly familiar with Reafan’s policies. Back in ‘84 I wrote an ecomons paper predictimg they would collapse based on econ data they published in the UN. Clearly they had cooked the books for decades. I’m curious about why one day they just said “screw it”.
The ruble was inconvertable and they could have simply inflated as they had in the past. They could also have restructured foreign payments, as Russia subsequently did.
Any ideas?