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Economic Nationalism in Ukraine

August 14, 2014 in Economics

By Ryan McMaken

Ukraine spends six million dollars per day shooting its own citizens while it pulls out all the stops to make sure that energy becomes as expensive as possible for Europe this winter by cutting off the natural gas supply to Europe. Any sane foreign policy seeks a free exchange of goods, not a series of suicide pacts designed to damage the standard of living for domestic citizens as much as possible. Meanwhile, the US applies political pressure to Bulgaria to end its cooperation with Russia to create alternate (i.e., non-Ukrainian) pipelines for natural gas in Europe. As usual, ordinary citizens  are caught in a vise imposed by their governments. As is so often the case, however, nationalism on all sides will likely lead to a fevered irrationality that will allow many to think that it’s better to freeze in the dark than engage in trade and maintain with someone of a slightly different ethnic group in the neighboring nation-state. Daniel McAdams explains the diplomatic jockeying over one of the most precious national resources in the Europe:

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Source: MISES INSTITUTE

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