Russia is said to be an imperialist world power, one in conflict with the imperialist superpower, the U.S. Russia has been characterized in this manner both during the period of the Soviet Union, and after the Soviet Union collapsed and separate states were formed. Russia has said to be imperialist both when it was a socialist state and now as a capitalist state.
Related:
Georgia started war with Russia: EU-backed report (archived)
Few know the name of Walter Heller, one of the first Chairs of the Council of Economic Advisers, and an adviser to President Kennedy. In 1968, however, he was a giant in economics who published in all the top journals. Fresh from his years in the Kennedy White House, he was invited to debate the relative importance of fiscal and monetary policy with another giant in economics, Milton Friedman, in a small book published by W.W. Norton & Company. Rarely do such debates interest more than a few thousand individuals. This is an exception, as a decade later PBS invited Heller and Friedman to debate their views on inflation.
There Is No Such Thing As Wage-Driven Inflation
Related:
Debunking: “If You Raise The Minimum Wage, It Will Cause Inflation”
Analysis: comments made while at the Treasury suggesting some workers are not grafters confirm what seems to be a long-held view
‘Lazy’ British workers catch up with Liz Truss once again
H/T: Rollins France
Ms. Cat’s Chronicles 