Commentary The new inflation numbers are out. It’s 8 percent on consumer prices, or so they say. Not even that is believable. More likely, it’s already double digit. The U.S. president blames Russia, clearly hoping the Americans are too dull to understand timelines or economics. Let’s look at the bigger picture. The United States has imposed absolutely brutal sanctions on a country whose freedom from Soviet domination it celebrated only 30 years ago. These sanctions are typical of the type; they harm average people in all countries, while the ruling class in all countries is given an opportunity to scapegoat foreigners for domestic problems. What they otherwise achieve is never clear. History gives us precious few examples of economic sanctions that inspire domestic reform that wasn’t already in progress. Still, we impose them, if only to “Do something.” We’ve been here most recently with this model of policy. “Do something” …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta