The three main areas where my direct advice went unheeded were the following: (1) the need for large - scale
financial assistance [29] for Russia, which I deemed (and still deem) to have been essential to molding a political consensus around reforms, and to bolstering the
financial situation enough to achieve a modicum of success in the fight against hyperinflation; (2) the need for
strong monetary and fiscal policy to achieve a rapid end to inflation [30]; and (3) the urgency of establishing a social
safety net [31], especially in health care and pensions, to ensure an adequate social and political base for societal transformation and democratization.
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