Tuesday, January 20, 2015

Is the Irritating Twit that Is Anders Aslund Ever Going to Tire of Getting Russia Economy Wrong? - Russia Insider

Anders Aslund proves me wrong, over and over again. Every time I think I’ve seen the stupidest, most pedantic, most off-the-wall leap for mediocrity from the atrophied pecan in his head, he surpasses his previous foamy wild-eyed assessment of reality.

Rodeo clown dressed as economist. All of it delivered in that whiny Swedish accent that makes him sound like he needs to be changed, and put straight to bed for a nap. I hasten to add that the Swedish accent is not annoying in all its speakers – pretty much only Aslund and the Swedish Chef from “The Muppets”, to whom he bears an astonishing resemblance.

And it doesn’t end with physiognomy; they share a similar grasp of economics and government.

I can’t wait, I’m lowering interest rates, my people say:
“King, how are you such a genius?
There’s a roof overhead and food on our plates!”
It’s laissez-faire, I don’t even care
Let’s make Friday part of the weekend.”
– Moxy Fruvous, from “King of Spain”


Hey, remember when Aslund was president of that country; Jeez, what was it called?

Anyway, he became president way back in the late 90’s, almost further back than pterodactyls can remember, it’s not surprising that the details are a little fuzzy.

I do remember that when he became president, the country was on the ropes: the inflation rate was around 27% (now it’s 11.4%), the unemployment rate was 12% (now it’s 5.2%), and per-capita GDP was about $3,500.00 USD (now it’s $7,000.00 USD).

Adjusted for PPP, it’s about $25,000.00 per year, the highest it’s ever been. Personal income tax rate was a flat rate of 13%, and it still is.

In how many other countries has the electorate seen its tax rates remain the same for 14 years?

Complete story at - Is the Irritating Twit that Is Anders Aslund Ever Going to Tire of Getting Russia Economy Wrong? - Russia Insider

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