To Fight Russia, Europe’s Regimes Risk Impoverishment and Recession for Europe

To Fight Russia, Europe’s Regimes Risk Impoverishment and Recession for Europe
European Union flags flutter outside the E.U. Commission headquarters in Brussels, Belgium, on May 5, 2021. Yves Herman/Reuters
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Commentary 
European politicians are eager to be seen as “doing something” to oppose the Russian regime following Moscow’s invasion of Ukraine. Most European regimes have wisely concluded—Polish and Baltic recklessness notwithstanding—that provoking a military conflict with nuclear-armed Russia is not a good idea. So, “doing something” consists primarily of trying to punish Moscow by cutting Europeans off from much-needed Russian oil and gas.
Ryan McMaken is the editor of Mises Wire and The Austrian. He has degrees in economics and political science from the University of Colorado and was the economist for the Colorado Division of Housing from 2009 to 2014. He is the author of "Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre."
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