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Alexander Valchyshen Profile picture
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Feb 28 • 4 tweets • 3 min read
The issue here for too long ppl got this Russia developing story at face value:

- my letter to @FT editors in Apr 2018 is here, it was never published on their pages

- I’ve been arguing along theses line since 2015 while writing in Ukrainian & English
This piece of early 2016 in Ukrainian was handed to many quite top ppl in the 🇺🇦 private financial markets industry and even to the ppl who have in charge of economic reforms in 🇺🇦 such as today’s econ advisor of office @ZelenskyyUa

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bit.ly/2YEcwv3
Most recently I wrote in English this way: alexvalchyshen.substack.com/p/snapshot-on-…
In the references you can find my past op-ed articles I wrote back 2016-2017

International Business Times: ibtimes.co.uk/ukraine-has-le…

The Daily Caller: dailycaller.com/2017/02/23/a-c…

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More from @AlexValchyshen

Alexander Valchyshen Profile picture
Feb 25
Sanctions are rather weak — direct action what is needed to support Ukraine against destructive Russia
This thread 🧵 is illustrate my claim 👇

In the spring 2018, when the West put additional layer of sanction on Russia, I wrote a letter to the editors of @FT. It’s short alexvalchyshen.medium.com/letter-to-the-…

1/
Now and back then, the logic of sanctions is they do work. What I have been trying to argue is theory behind sanctions is standard one. In that theory high finance is unquestioned and access to it treasured. An economy cannot exist without it. What if it’s weak theory?

2/ Image
Read 9 tweets
Alexander Valchyshen Profile picture
Nov 8, 2019
@PetroBilyan Дякую за натяк на царську Росію й Столипіна та його переписку із Толстим.

Я використаю цю аналогію для пояснення.

В Україні наразі питання «ринку» землі мало чим відрізняється від аналогічного питання майже 100 років тому в царській Росії. 👇

1/
@PetroBilyan Використаю іще раз слова Гершенкрона про царську Росію

(а) просунуті ланки суспільства—як й зараз в Україні—мали повну свободу пересування й запозичення передових ідей 👇

(б) ЦР активно розвивалась вже наприкінці 19ст адже приєдналась до золотого стандарту

2/
@PetroBilyan ЦР активно залучала інвестиціі для розвитку й була активним позичальником на міжн фін ринку — тобто в Європі.

Й «дешеві», «довгі», «живі» #гроші залучались досить активно.

По суті ЦР була найбільш боржником у світі.

Це вже цитати-підтвердження з іншого джерела 👇
Read 10 tweets
Alexander Valchyshen Profile picture
Jul 25, 2019
#Tolstoy & #MMT connection

In 1886, great Russian novelist Leo Tolstoy published a non-fiction piece called 'What Then Must We Do?'.

There is a chapter on #money, which in effect sounds very much familiar and close to the #MMT motto -- #taxes-drive-money.

1/4
Tolstoy: "Any money is getting accepted between people only when they are forcefully demanded to be delivered by everybody. When every person needs money to redeem herself/himself from violence, only then money will obtain stable exchange value..."

2/4 #Tolstoy & #MMT connection
Tolstoy (cont'd): "... And what is demanded by the government [to be delivered by people as payment of taxes, fees, etc] obtains value, not what is convenient for exchange."

3/4 #Tolstoy & #MMT connection
Read 7 tweets
Alexander Valchyshen Profile picture
Mar 20, 2019
@INETeconomics By a chance, the article saying #MMT "theorists ignore how their policies could hurt developing countries" places #Ukraine currency #hryvnia (notes of 20 hryvnia's) as its cover picture.

1/n
@INETeconomics Btw, another time when #MMT-related literature opted by a mere chance to associate itself with #Ukraine's currency was the book 'Can "It" Happen Again?' written by Hyman Minsky (2nd ed published in 2016).

This time there is a jar of coins 5 kopecks each (5 #копійок).

2/n
@INETeconomics I am #Ukrainian, having a 22-year experience in the Ukraine's financial sector (1995-2017) and working full-day jobs first as bank officer doing debts/credits and then as research economist. I worked in the banking sector as well as in the non-banking financial sector.

3/n
Read 31 tweets

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