Russian Economy

From Wikipedia:

Vladimir Vladimirovich Mazur (Russian: Владимир Владимирович Мазур; born 19 June 1966) is a Russian statesman, who is serving as the 3rd governor of Tomsk Oblast since 22 September 2022. ... Mazur is a member of Vladimir Putin's United Russia party...

Mazur was born...

... 1966 in Krutolozhnoye, Pervomaysky District, Tomsk Oblast:

In 1992 he graduated from Tomsk State University.

Excerpts from Vladimir Mazur's essay Actual Problems of Monetary Economy:

1. The only reason for the decrease in the purchasing power of money is the growth of the money supply. It is this regularity, characteristic of all countries, that testifies to the fact that inflation is always and everywhere an exclusively monetary phenomenon. However, some scientists believe that the money supply is a function of inflation. And especially advanced scientists claim that the universe arose due to inflation.
2. It is the permanent credit emission, equally generated by both banks and their outpatient and clinical clients, that forms the essence of the law of credit expansion. At the same time, very poor manifestations of the law of credit expansion are numerous financial pyramids, thanks to which, as sincere believers hope, the kingdom of heaven will come. The law of credit expansion: the faster loans and deposits grow, the sooner the kingdom of heaven will come.
3. Especially advanced economists believe that labor productivity should constantly grow faster than wages. And, they say, in this case there will be no inflation. In fact, it is in this case that the national income will be completely transformed into profit. The law of advanced growth of labour productivity: if labour productivity (as the CPSU and the IMF teach us) constantly grows faster than wages, then the national income will be completely transformed into profit, wages will disappear and complete communism will set in.
4. The theory of cost inflation is generated both by the deceptive appearance and by the desire of the central bank to absolve itself of the blame for inflation. Indeed, manufacturers perceive cost growth as a kind of autonomous process. However, since inflation is caused by excessively rapid monetary expansion, it is the central banks that are responsible for the emergence of any kind of inflation. In other words, any inflation is core inflation, or rather, a nuclear swindle.
5. As for the tax burden, it cannot directly raise the general price level, because the inevitable attempts of producers to shift taxes to consumers will lead to a reduction in investment and consumer demand. At the same time, an increase in the tax burden will entail an increase in government spending, that is, the general price level, it would seem, should remain unchanged.  because they discourage production. That is why the general level of prices will increase (of course, provided that the government does not burn the collected money in the fireplace, which, however, does not happen, because it is more profitable for the government to scatter money from a helicopter). The easing of the tax burden cannot directly lower the general price level: producers will not reduce prices, but increase profits.
6. It should be emphasized that the generator of inflation is lending to the government by the central bank, financed by money emission. Inflation is also generated by a decrease in the government's deposits in the central bank (this happens when the government begins to spend money). In addition, inflation is generated by the refinancing of banks (that is, lending to commercial banks by the central bank) and the formation of gold and foreign exchange reserves, which are financed again by money emission. Therefore, the hope of some economists for the full gold and foreign exchange backing of the national currency is irrational, because the increase in gold and foreign exchange reserves simply means an increase in the fiat money supply. At the same time, a full gold backing is impossible (there is simply not enough gold), and an incomplete one does not make sense: A column that is only half the distance from the floor to the ceiling can hold the ceiling no more than a column of one inch of height.
7. The analytical representation of the money supply as a function of the interest rate and reserves has the same drawbacks, because in fact both the interest rate and the reserves are determined by the money supply. In reality, there is simply a substitution of concepts: the substantive concept (money supply) is replaced by the empty concepts of demand for money and supply of money. Of course, the most famous empty concepts are the mermaid, the centaur and communism.
8. Strictly speaking, using the interest rate to suppress inflation is like putting out a fire with kerosene: incomes are effectively eaten up by both high inflation and high interest rates. And the choice between high inflation and high interest rates is a matter of particularly sophisticated taste.
9. However, monetary policy instruments are ineffective because interest expenses do not reach even one percent of production costs (by the way, John Maynard Keynes believed that the interest rate does not affect incomes). Fiscal policy instruments are highly effective because taxes absorb almost half of income.
10. Currencies are often pegged to other currencies (mainly the dollar). Of course, with the help of a currency anchor, you can fix an axe on a sheep. However, this will not make the axe sharper, but the sheep fatter. And if the inflation of axe manufacturers is higher than that of sheep breeders, then the axe will not stay on the sheep for too long. Moreover, since national debtors are backed mainly by American debtors, the collateral of national obligations with foreign obligations, which are then placed with non-residents, strengthens not the national currency, but the dollar. At the same time, the peg of the national currency to a basket of currencies with the help of a geometric weighted mean is especially touching, because in reality the geometric weighted mean is pseudoscience.
11. Curiously, economists often write about imported inflation. However, for some reason, no one writes about exported inflation. Meanwhile, all issuers participate in the process of exporting inflation.
12. It seems that the central bank should not be independent of the people, but controlled by the people. And for this it should be a public corporation. At the same time, shares must be sold only for the national currency and only to individuals of the titular nation. Now there is an intensification of the legalized criminal merging of money and power. To give the authorities the opportunity to dispose of money is the same as to give an alcoholic the opportunity to dispose of vodka.
13. As for the activities, or rather, the recommendations of international financial authorities (IMF, WB, EBRD), it should be borne in mind that all these institutions are partnerships that live on contributions. It is hardly possible to take seriously the recommendations of the staff of an almshouse drowning in luxury, which became famous only thanks to sex scandals.
14. By the way, the training of financial programmers (and other specialists) is carried out by an inconspicuous Austrian hotel, which proudly calls itself the Joint Vienna Institute. And there is reason to believe that it was in this institution that the employees of the Central Bank of Zimbabwe and other selected central banks, who have almost caught up with it, were educated.

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I attach the complete essay in Russian. We talk of Russian Economy but Economy as a science has no nationality.