An Urban's Rural View
Urban C. Lehner Editor Emeritus
Fri Aug 8, 2014 09:10 AM CDT

The Russian ban on U.S. and European agricultural imports (…) was no surprise. Even a pawnshop crystal ball could have foreseen the Russians' tit-for-tat response to our sanctions on them.

The question now is not whose economy will suffer more -- theirs is far more likely to feel the hurt, both from our sanctions and, ironically, from their own. The question is whether either side's sanctions will lead to a break in the dangerous Ukrainian stalemate.

Sanctions lie at the intersection of international trade and geopolitics, where Adam Smith and Niccolo Machiavelli meet. Alas, they frequently prove an ...

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