Jeff Deist and Yuri Maltsev discuss not only his defection from the former USSR, but also his defection from the Marxist economic mindset, the crime of reading Hayek, why so many westerners still have a naïve, uninformed, and romantic view of socialism, how the Ruble was nothing more than a fiat rationing coupon, and why people with contempt for consumerism never visited a Soviet grocery store.
Yuri N. Maltsev, Senior Fellow of the Mises Institute and professor of economics at Carthage College, worked as an economist on Mikhail Gorbachev's economic reform team before defecting to the United States in 1989. He has testified before the US Congress and appeared on CNN, PBS News Hour, C-Span, CBC, and other American, Canadian, Spanish, South African, and Finnish television and radio programs. He has authored and co-authored fifteen books and numerous articles. He is a recipient of the Luminary Award of the Free Market Foundation.