Russian Ruble Tanks: Story of the Real Russian Economy - Econ Lessons [View all]

Humorous and thought-provoking story that highlights the absurdity of the Russian economy and the ruble. While the tone is comedic, the goal is to raise awareness about the distorted perspective on monetary and real economics currently prevailing in Russia. This critique is not directed at the Russian people but rather at the policies of the Central Bank of Russia, in collaboration with Moscow, which contribute to hardships for ordinary Russians. Through humor and artistic expression, the video aims to inspire consciousness and spark dialogue, potentially fostering positive change. Key economic concepts explored include the non-neutrality of money, as discussed by the Stockholm School of Economics, the Austrian School, and the New Keynesian School. The video examines how these ideas relate to the Russian ruble, impacting both the real economy and the nominal sector.