"The Russian standard of living today resembles the American standard during the Great Depression of 1930s. Even that pitiful standard is the envy of the billion or so people in Africa, Asia and South America who subsist on incomes of less than $1 a day. How can they ever catch up with American living standards (where families are officially designated as poor if they have less than $60 a day)?" -- Bradley Schiller, Essentials of Economics Fifth Edition (now Eighth). What an enormous change made by President Vladimir Putin (Владимир Путин). Now the Russian Federation has made a drastic change in GDP and incomes, having US$1.4k per month in average. SLAVA PUTIN!
Posted on: Thu, 20 Jun 2013 17:08:12 +0000
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