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Judy Shelton: The Coming Soviet Crash
Published:
http://www.booknotes.org/Watch/6735-1/Judy+Shelton.aspx (video interview and transcript)
Judy Shelton, author of "The Coming Soviet Crash," analyzed the condition of the Soviet economy. Due to its emphasis on military spending, the Soviets have neglected all other areas of their economic development and thus face a crisis. This crisis is so grave, Shelton said, that the collapse of the Soviet system is imminent.
She was the lone voice saying the Soviets had to be running deficits, while the "experts" were all saying "surplus". Sound familiar?
The book came out in 1989. She was mostly ignored, at first. You know the rest...
Interview runs an hour, gets really interesting between 11:00 and 21:00
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