Krugman: Vladimir Putin's Conquests Domestic, Not Global

The video discusses Paul Krugman's views on Putin's political and economic strategies, highlighting the differences between the current Russian Federation and the Soviet Union. It critiques Trump's stance on Russia and explores the Russian oil industry's resilience amid fluctuating oil prices. The discussion also covers the implications of currency pegging for countries like Saudi Arabia and Russia, emphasizing the economic strategies they employ to cope with global oil price changes.

What is one of the main differences between the current Russian Federation and the Soviet Union of 30 years ago, according to Paul Krugman?

• The Russian Federation has more global influence.

• The Russian Federation is more democratic.

• The Russian Federation has accomplished little on the economic front.

• The Russian Federation has a stronger economy.

How has the Russian oil industry adapted to lower oil prices?

• By diversifying into other energy sources.

• By increasing production levels.

• By cutting costs and benefiting from ruble devaluation.

• By seeking international loans.

What is a key factor in Russia's aggressive foreign policy actions, as discussed in the video?

• Domestic political pressure.

• Military alliances.

• Fluctuations in oil prices.

• International sanctions.

Why might Saudi Arabia consider depegging from the dollar, according to the discussion?

• To attract foreign investment.

• To align with European currencies.

• To reduce internal costs and extend commodity viability.

• To increase its oil production.

What is a potential consequence of currency devaluation mentioned in the video?

• It can shift economic pain to different sectors.

• It can stabilize commodity prices.

• It can lead to increased foreign investment.

• It can boost consumer spending.