Russia-fueled instability puts Lenin's lesson on inflation to the test

Conquering rising prices key to survival of existing political and economic systems

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Vladimir Lenin, the first leader of Soviet Russia, saw inflation as a force that can undermine capitalism. © Reuters

TETSUSHI TAKAHASHI, Editor, Economic News Group

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."

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