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How Trump’s new Fed nominee exposed the Soviet Union’s debt

AUGUST 23, 2019 | by Bill Bergman | THE AMERICAN CONSERVATIVE

“She crunched the numbers and predicted the USSR's downfall. Now can she take on America's red ink? … That book, The Coming Soviet Crash, published in 1989, comprehensively demonstrated how the Politburo had been misrepresenting the government’s financial position for years by using accounting gimmicks to produce ‘surpluses’ that existed only on paper.”

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