The Economic Consequences of Russian Sanctions

“This will only be the beginning.”Those six ominous words are not what many Americans will want to hear when it comes to the increased prices they’ve been paying for everyday purchases. Whenever I want to break the bad news to my audience about the state of out-of-control spending or inflation in the United States, I turn to my friend Jonathan Bydlak. Jonathan is director of the Governance program at the R Street Institute, and the creator of SpendingTracker.org – the first ever real-time spending site that tracks the fiscal records of Members of Congress. If you’re looking for a hard dose of reality, follow Jonathan on Twitter – @JBydlak – and find out how much your representatives vote for in spending each year: Then, give his latest essay for The Spectator a read, on the topic of what’s likely to result from our sanctions against Russia.Who’s really behind rising gas prices? Moscow or Washington D.C.?I continued my on-going, in-depth coverage of the Russia–Ukraine conflict with insights you won’t find anywhere else, as Jonathan Bydlak joined me for the full hour.