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Analysis and Commentary

What Real Appreciation of the Ruble?

by Alvin Rabushka, Michael S. Bernstamvia
Monday, July 15, 2002

Even if there is such a thing as real appreciation of the ruble and if it takes some time for the real appreciation of the ruble to percolate through the economy, the magnitude of the changes over the past year does not warrant the conclusion that a major culprit in Russia's slowing growth is real ruble appreciation.

Analysis and Commentary

How Much Growth is Normal? In Russia? Elsewhere?

by Alvin Rabushka, Michael S. Bernstamvia
Wednesday, July 10, 2002

Russia's sustained contraction during 1991-1998, followed by a trend of declining growth during the past three-and-a-half years, should be set in the context of an economy defined by a low level of private income, about one-quarter of GDP (or a high degree of socialism, about three-quarters of GDP). In the realm of socialist economies, 3-4% annual growth may well be normal.

Analysis and Commentary

Completing Small Business Tax Reform

by Alvin Rabushkavia
Wednesday, July 3, 2002

Among the bills approved on July 2, 2002 by the Duma, the lower house of the Russian Parliament, was a comprehensive reform of small business taxation. With exemptions from value-added tax, sales tax, property tax, and social insurance taxes, small businesses will receive a substantial reduction in their tax burdens.

Analysis and Commentary

Capital Swap à la Russe for Argentina

by Alvin Rabushka, Michael S. Bernstamvia
Thursday, June 6, 2002

Capital swaps are a general proposal that can be applied to reform bankrupt financial institutions in most countries. Our proposal for Russia was, really, a general concept that we developed for Russia's particular circumstances. We are gratified to find that this general concept has found applicability in such other countries as Argentina.

Power and Weakness

by Robert Kaganvia Policy Review
Saturday, June 1, 2002

Why the United States and Europe see the world differently

A Contest of Brutality

by Victor Matusvia Policy Review
Saturday, June 1, 2002

Victorino Matus on The Fall of Berlin 1945 by Antony Beevor

The State of the Special Relationship

by Robin Harrisvia Policy Review
Saturday, June 1, 2002

At the end of the day, Britain stands with America

Analysis and Commentary

Tax Reform Remains High on Russia's Policy Agenda

by Alvin Rabushkavia
Wednesday, May 22, 2002

On April, 2002, I posted to this site an article entitled "Further Extending Russia's Tax Reforms." It described the Russian government's new proposal to radically simplify and reduce the tax treatment of small businesses.

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On the Outside Looking in

by Gerald A. Dorfmanvia Hoover Digest
Tuesday, April 30, 2002

While other conservative parties in Western Europe, and the Republicans in the United States, are enjoying comparative success, the British Conservatives are on the outside looking in. Why are the Conservatives in such bad shape and what are the prospects for their recovery? By Hoover fellow Gerald A. Dorfman.


with William Hamblin, Thomas Maddenvia Uncommon Knowledge
Monday, April 22, 2002

The Crusades happened almost a thousand years ago—why do they still provoke an argument? Osama bin Laden has used them to attempt to rally the Islamic world to his cause; President Bush has called the war on terrorism a "crusade." But what is the truth about the Crusades? Were they motivated by savage greed and intolerance or by pious idealism? Were they an unprovoked attack by the West on the Islamic world or a reaction to centuries of Islamic incursions? How should we understand the legacy of the Crusades today, in a time of conflict between the West and radical Islamic terrorists?