Putin Repeats an Old Protectionist Canard
Vladimir Putin, the Russian autocrat, repeats an old protectionist canard that few economists would admit in its nakedness after David Hume and Adam Smith studied the matter in the 18th-century. We have often heard remnants of the same discarded intuition from Washington, especially over the past half-dozen years. According to the Financial Times (“Russian Forces Seize Ukrainian Nuclear Plant After Fire,” March 3, 2022), Putin acknowledged that punitive sanctions imposed by Western government were harming his country... Читать дальше...