On March 21, 1921, the Bolshevik Party — responding to the disaster that war communism had wrought — implemented the New Economic Policy. And controversy about this seems never to end.
Among the reforms was a re-introduction of money into the economy, going so far as to produce gold-backed “chervonets.”
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Governor Kathy Hochul seems similarly to want an NEP for New York, but more in terms of reversing herself rhetorically.