V. I.   Lenin



Copy to Comrade Preobrazhensky

Published: First published in 1924 in the book Veliky Vozhd (Great Leader). Printed from the original.
Source: Lenin Collected Works, Progress Publishers, 1976, Moscow, Volume 45, pages 341b-342a.
Translated: Yuri Sdobnikov
Transcription\Markup: R. Cymbala
Public Domain: Lenin Internet Archive You may freely copy, distribute, display and perform this work; as well as make derivative and commercial works. Please credit “Marxists Internet Archive” as your source.README


Comrade Krestinsky:

I should like to know your opinion about whether or not it is time to make these two kinds of calculations:

first, a plan (a quite rough and general plan, by way of the first approximation) for restoring our currency. Say: under such-and-such conditions, over a period of so many years, it would be possible by consistently applying such-and-such measures to achieve so-and-so.

Do you (and the finance commission) believe that such a calculation is possible or that even an approximate calculation of this kind is premature and impossible for the time being?

Second, is it possible to convert our expenditure budget into gold and compare it (on the main heads—and perhaps by departments and regions, gubernias, capitals, etc., as far as possible) with pre-war figures?

We should make a start, and as soon as possible, on a reform, through such or similar calculation, of our quite neglected and irrelevantly, spontaneously, and irregularly inflated budget.

I request you to let me have your opinion on this matter and—if you have no special objections—to raise it in the finance commission.

With communist greetings,


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