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Noah Smith highlights concerns regarding the actual state of the Russian economy. According to independent estimates, the economy has been shrinking over the past two years due to an inflation rate that is reportedly much higher than what is being officially announced.
Smith implies that misreported or understated inflation figures could be masking the real economic challenges Russia is facing.
Smith’s latest commentary on inflated official statistics in Russia aligns with his prior analyses of external shocks and unconventional market forces. His examination of the transformative effects of an oil shock on global economies provides important context for understanding the pressures currently faced by Russia. Additionally, Smith’s exploration of the influence of emerging assets such as Dogecoin on established institutions underscores the complex interplay between traditional metrics and shifting economic realities.