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America’s cost of 'defending freedom' in Ukraine: Higher food and gas prices and an increased risk of recession

  • Written by William Hauk, Associate Professor of Economics, University of South Carolina
America’s cost of 'defending freedom' in Ukraine: Higher food and gas prices and an increased risk of recessionA woman in Ukraine appears to pray as she waits for a train out of Kyiv.AP Photo/Emilio Morenatti

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...

Read more: America’s cost of 'defending freedom' in Ukraine: Higher food and gas prices and an increased risk...

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