Word: gorbachev
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...Soviet President was particularly eager to dilute or delete the passages that transfer economic autonomy from the central government to the Soviet Union's 15 republics. Shatalin had proposed that even the tax collection be done by each republic. Gorbachev indicated that he would rather see such problems resolved in a new Union treaty...
...Gorbachev also tinkered with the timetable and scope of some of the proposed reforms to make the changes less jolting. The Aganbegyan document, along with copies of the complete Shatalin plan, the Ryzhkov proposals and materials on 120 alternative schemes considered by a separate study group led by Aganbegyan, were dispatched last week to the Soviet parliament and the parliaments of Russia and the other republics...
...prices cannot stabilize as long as there are too many rubles chasing too few consumer goods. The Shatalin plan calls for absorbing excess rubles from the Soviet economy by selling back state-owned assets to the public. In addition, Gorbachev last week raised the idea of devaluing the official exchange rate for the ruble, from $1.66 all the way down to 50 cents. Economists for the Gorbachev-Yeltsin commission contend that once sufficient amounts of money have been pulled out of circulation, prices can be liberalized, since real market forces will operate to keep them stable. Unlike the Poles, argues...
...hinted that disaster would result if the Shatalin plan were approved without changes. Abalkin warned that trying an unsuccessful form of "shock treatment" might leave "the populace and the government allergic to the market idea for decades." Ryzhkov expressed concern that by giving free rein to market forces, the Gorbachev-Yeltsin group plan might set off a "staggering surge of prices, destabilize economic life and disorient enterprises...
...Gorbachev has decided to throw the issues out for public debate, arguing that "the people must make their choice." There seems little doubt, however, that Shatalin's radical 500-day program, with some modifications, will prevail. The most telling vote came last week in the parliament of the Russian Republic, led by Yeltsin, where deputies approved the basic outlines of the Shatalin package by a lopsided count of 213 to 2. They also issued an appeal to other parliaments across the nation to follow their lead in approving the plan as quickly as possible. Yeltsin added a proviso: "The adoption...