Last week Harvard economist Jeffrey Sachs resigned as adviser to the Russian government. On Friday he spoke with TIME's George M. Taber.
TIME: Why did you quit?
Sachs: Because I think the new government is going to pursue incorrect and even dangerous policies. The communist Old Guard has essentially retaken almost all the major power positions. That made it impossible to continue.
TIME: Dangerous in what way?
Sachs: Russia has been living on the edge of hyperinflation for two years. The most urgent task of reform has been to create an atmosphere of monetary stability. Inflation could get completely out of...