Yegor Gaidar Quotes

The Situation - Having To Choose Between Imposing Higher Retail Prices And Reducing Investments And Military Spending - Created A Dilemma For The Government: Deciding Between Conflict With The Public Or With The Party Economic Elite. But Not Making A Decision Heightened The Risk That, As The Crisis Developed, There Would Be Conflict With Both The Public And The Elite.18 The New Generation Of Leaders Clearly Did Not Understand This. The Traditional Management Of The Economy Was Oriented On Natural, Rather Than Abstract, Parameters. The Development Of Cattle Breeding Was Discussed At The Highest Level More Frequently Than The Country's Budget. Industry And Business Leaders Regarded Finances As Necessary But Dreary Bookkeeping.19 In Addition, Information On The Real State Of The Budget, Hard Currency Reserves, Foreign Debt, And Balance Of Payments Was Available Only To An Extremely Narrow Circle Of People, Many Of Whom Understood Nothing About It Anyway.

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