61. At the same time, Primakov said Russia would print more money to cover its expenses, something the IMF has resolutely opposed. 62. Before the American Revolution, the Crane family sold paper to Paul Revere to print colonial money. 63. But last weekend BOJ governor Masaru Hayami hinted vaguely in Washington that the bank might switch gears and print money to weaken the yen. 64. But Lebed said the government should not print money, which would fuel inflation. 65. Chernomyrdin, who said he wants the Central Bank to print more money to help pay off overdue wages and pensions, criticized Dubinin over the weekend. 66. Critics say that to realize the profits, the government would have to print more money, which is inflationary. 67. Deputy Finance Minister Oleg Vyugin told investors that the government will have to ask the Central Bank to print new money to plug holes in the budget. 68. Further, he warned the government would force inflation higher and cause more pain if it simply printed more money to meet expenses and help faltering banks. 69. Government economists, however, say the state cannot afford to subsidize the huge, inefficient collectives without printing more money and unleashing new rounds of inflation. 70. He also said Russia will probably print more money to cover its massive debts. |