2009-04-21 16:14:00

Fridman believes the Old Testament mentioned inevitability of economic crises

Moscow, April 21, Interfax - The head of Alfa Group Mikhail Fridman believes all economic crises, including the current one, were predicted in biblical times.

"Economics in general is a cyclical process linked to many parameters, mainly to cycles of human consciousness, it evaluates situation as improving and then suddenly it decides that everything is bad and it's better to sell everything. Starting from the story of Joseph, who promised the pharaoh "seven years of plenty and seven years of famine," this peculiarity of human psyche and peculiarity of natural cycles were not questioned," Fridman said at a session of the Russian Jewish Congress business club.

Over 80 people participated in the session.