Alternative Economic Policies and the Problems of Inflation

Abstract

Throughout the past decade, discussions of variants and alternatives of economic policy have become extremely popular among our politicians and economists. Their logic remains practically unchanged: the government accuses opponents of adventurism, claiming that its policy is the only possible one; the opposition, however, condemns this policy and promises to change it radically if it comes to power. But it is not a question of the existence of alternative economic policies as such, but rather the degree to which an alternative exists and the latitude for maneuvering if the political victory is won by those forces (communists and/or nationalists) who are loudest of all regarding their intention to radically revise the country's economic-political reference points.