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Jeffrey Sachs is interviewed about the Russian invasion of Ukraine.
“Economists should not blame the Bank of Japan’s monetary policies for the yen’s declining purchasing power. It is flatlining productivity in tradable sectors and stagnant real wages that explain the arrival of Cheap Japan,” writes Takatoshi Ito.
“When you cut them off from American tech, they will find alternatives,” Peter Micek says on the sanctions on Russia.
“A global financial registry of the real and final individual beneficiaries would be a crucial measure to deal with illicit financial flows, including tax evasion and avoidance, money laundering, and the financing of terrorism,” José Antonio Ocampo says.
“The Federal Reserve is the most important economic institution in the U.S., and the U.S. is the most important economy in the world. To leave this many vacancies is just mind boggling to the rest of the world. It is just amazingly irresponsible,” Joseph Stiglitz comments.
"The president's strong words made a compelling case for why the U.S. must support Ukraine, but he did not do enough to discuss the potential need to make sacrifices to defeat Vladimir Putin," writes Lincoln Mitchell.
Eddie Fishman joins MSNBC’s Lawrence O’Donnell to discuss the “unprecedented sanctions” on the Russian economy and what the impact will be for the wealthiest Russians who have their “toys” taken from them.
“The ability of the West to inflict pain on Russia in response to its aggression is constrained by the fact we’re so dependent on Russia for energy, particularly natural gas into Europe,” said Jason Bordoff.
“People who say he’s long had a lot of anger toward the West are right, but what seems to have changed is his sense of proportion, of what he can get away with and what he should risk,” Stephen Sestanovich comments on Putin's behavior after the invasion of Ukraine.