Bombshell

2023 - 3 - 5

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Image courtesy of "Econlib"

Jeff Sonnenfeld's Bombshell About the Russian Economy - Econlib (Econlib)

POST: My friend Jeff Hummel sent me a link to a recent 28-minute interview that DW News did late last month with Jeffrey Sonnenfeld of the Yale School of ...

No, the concern is that he seems to celebrate implicitly the destruction of the Russian economy. [Kramer](https://www.youtube.com/watch?v=XEL65gywwHQ) (the Seinfeld character) and saying they “write it off,” he’s not. Also, Sonnenfeld and I both agree that Vladimir Putin is an evil man. Then “Henny-Penny” and Roosevelt decided the price of gold for that day. While Sonnenfeld doesn’t say it explicitly, it is clear that he understands that that’s not good. That night Morgenthau wrote in his diary: “If people knew how we fixed the price of gold they would be frightened.” Thereafter each day Morgenthau and Roosevelt met, with Jesse Jones, head of the RFC, present, to fix the price of gold. [The Roosevelt Myth](https://cdn.mises.org/The%20Roosevelt%20Myth_2.pdf), that after FDR took the U.S. “They are not submitting.” By the second quarter of 2022, Russia stopped submitting the data. 3:00: Sonnenfeld says that the World Bank and others get their information from Rosstat. Sonnenfeld says it’s because Putin is looking for lackeys (my word) who will state the data he wants stated. One day they wished to raise the price.

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