A Ukrainian serviceman walks towards the front line in the city of Irpin, northern Ukraine, on March 12, 2022. - Russian forces are positioned around Kiev on March 12, 2022 and are "blocking" Mariupol, where thousands of people are suffering a devastating siege, in southern Ukraine, a country that has been bombed for more than two weeks.
ARIS MESSINIS/AFP via Getty Images
Americans may be tempted to view the war in Ukraine as an unfortunate, but far away, crisis. As an economist, I know the world is too connected for the U.S. to go unaffected.
On Feb. 22, 2022, President Joe Biden warned Americans that a Russian invasion of Ukraine – and U.S. efforts to thwart or punish it – would come with a price tag.
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