Luzhkov: We must move away from monetarism

One of the main reasons for the problems of the real sector of the economy is the monetary policy of the authorities. This was in an interview with Kommersant said Moscow Mayor Yuri Luzhkov. The decision to refuse monetarist policy, according to him, should be made by the president and prime minister. "For Russia with its huge gold and foreign exchange reserves, a permanent budget surplus, a large stabilization fund, it would seem, a crisis and still should not be. And nevertheless, our quotes collapsed three to five times, while in Europe, which is closer to the root cause of the crisis, they fell by only 30-50 percent, that is, there are times, and there-to the fractions."

According to Luzhkov, the crisis today is determined in Russia primarily a business situation. “Not a state, but a business and banks in the West, $ 570 billion that you need to give. Not having the opportunity to take cheap loans in Russia, the business rushed to the west and gained them above the roofs there to buy land, yachts, football teams, enterprises that“ lay on the side. ”In general, the money for the most part went to the sphere that does not create the conditions of expanded reproduction, or the conditions of expanded reproduction, or In the sphere of comfort, ”said the mayor of Moscow.

"Finance Minister Alexei Leonidovich Kudrin decided to save money and put it in the reserve fund, a stabilization fund. We put this money that were relatively free in our state. And they did not work there for the development of the economy of our state. On infrastructure projects - by zero. To support the real sector of the economy - also by zero or in the best case. Explain our crisis, ”Luzhkov concluded.

On February 10, Luzhkov said that the state should “temporarily” take away the business from the oligarchs and put it on the market after the crisis is over. According to the mayor, the United States is to blame for the crisis, which "money -Tovar -money" replaced the goods with pieces of paper in the Marxic scheme with which the whole world flooded. " At the same time, in Russia, according to Luzhkov, there were no prerequisites for the crisis, since huge gold and foreign exchange reserves were accumulated and a stabilization fund was formed.