Dec 16, 2009

The Shock Therapist

Yegor Gaidar passed away today. For all of you Commanding Heights fans out there you may remember him as one of the main architects of Russia's transition from a command to a market economy in the early 1990's. Gaidar helped institute the 'shock therapy' plan that radically overhauled the Russian economy while devaluing the savings of a whole bunch of people in that country. Gaidar was only 53 years old.