CommentRussia-fueled instability puts Lenin's lesson on inflation to the test
Conquering rising prices key to survival of existing political and economic systems
Vladimir Lenin, the first leader of Soviet Russia, saw inflation as a force that can undermine capitalism. © Reuters
TETSUSHI TAKAHASHI, Editor, Economic News Group
February 24, 2022 12:02 JST
TOKYO -- The mounting tensions surrounding Ukraine call to mind a quote attributed to Vladimir Lenin, leader of the Russian Revolution that gave rise to the Soviet Union in 1922: "The best way to destroy the capitalist system [is] to debauch the currency."