Sometimes, savagery is more effective than economics.

I would not disagree with anyone who believed Putin needed to be pistol-whipped, until his brains ooze down his cheeks.  He is certifiably evil!  However, cutting off his country’s energy exports so abruptly is a poor substitute.

I’m concerned about the futures market, which tends to be even more volatile than the stock market.  The London Metals Exchange just shut down the futures market for nickel.  Russia’s energy exports are protected for only 45 days, while futures contracts often run 180 days or more.

Politicians pander.  That’s what they do!  I was not surprised to see RINO Republicans, like Ted Cruz, pander, by blaming all things evil upon Biden, but I was surprised to see the President pander so obviously by enacting a ban so precipitous.  Sure, Americans will pay more for gas, but the President gets to stand-up as a tough guy, punishing Putin.  It is a race between Republicans and Democrats to be the toughest on Putin.

There is a time to cutoff all energy exports from Russia . . . but gradually!