Fact Check 3.

            The media and the academics they consult have not reached a perfect consensus on the cause or causes of the recent inflation.  Professor Tarek Hassan of Boston University offers the most straight-forward explanation.  “The pandemic of 2020-2022 causes massive disruptions to supply chains around the world…This caused what we call a cost-push inflation in all major economies,…”[1]  Professor Campbell Harvey of Duke University casts a wider net.  He points first to the Federal Reserve Bank’s purchase of $3 trillion worth of private and public bonds to counter the deflationary effects of lock-downs and lay-offs during 2020.  Second, the Trump administration joined with Congress to spend trillions of dollars on payments to businesses and individuals.  These were financed by expanding the deficit.  Third, says Professor Harvey, housing costs (sale prices and rents) jumped, with the median price of a home rising by 14.6 percent.[2]   

            Foreign policy elites, the people so disdained by President Donald Trump, appear to doubt that his continuation in office after January 2021 would have forestalled either of the current wars that dominate the headlines. 

In the case of Ukraine, it is argued that Vladimir Putin’s drive against an independent Ukraine has deep roots unrelated to who occupied the White House.  These range from his belief that the collapse of the Soviet Union was a world catastrophe, to his belief that Ukraine formed a part of historical Russia, to his resentment against the expansion of the North Atlantic Treaty Organization (NATO) toward the steppe region of Western Asia.  Putin clearly rejected the Ukrainians’ own sense that they belonged to the “West.”  As circumstances have shown, Ukrainians have no desire to return to close links with Russia.  An earlier attempt to short-circuit movement toward the European Union had ended in a Ukrainian revolt against a pro-Russian government.[3]  The same scholars and diplomats argue that a President Trump might have urged Ukraine to surrender and certainly could not have mobilized a coherent response from the NATO countries.[4] 

In the case of the Israel-Hamas war in Gaza, it is argued that Trump’s Middle East policy marginalized, rather than attempted to solve, the Palestinians question.[5]  Furthermore, Trump’s policies did not stop Iran from continuing to aid and arm Hamas. 

“The ball is round and the game lasts ninety minutes.  All else is theory.”—Sepp Herbeger, coach of the West German national soccer team, 1954. 


[1] Quoted in Angelo Fichera, “Trump Imagines Alternate Reality of World Where He Didn’t Lose,” NYT, 18 March 2024. 

[2] It may be difficult to tease-out the causes of rising home prices and rents.  The substantial creation of money could have contributed to this rise in addition to the displacement of many people that followed from work-from-home policies.  Then, these analyses focus on the Trump administration and say nothing about the further increase in the deficit from spending in the early Biden administration. 

[3] See the moving documentary “Winter on Fire: Ukraine’s Fight for Freedom.” Winter on Fire: Ukraine’s Fight for Freedom | Full Feature | Netflix (youtube.com) 

[4] A 2022 poll reported that 62 percent of respondents believed that Putin would not have invaded Ukraine if Trump had been president.  This may be more of a commentary of a commentary on President Joe Biden in the aftermath of the widely misunderstood withdrawal from Afghanistan. 

[5] By inference, this may have given Hamas a greater motivation to attack Israel on a scale that would compel the world to re-engage. 

Ukraine and a Larger Crisis.

            Walter Russell Mead argues American and European aid for Ukraine is neither “a charity project,” nor a distraction from the even-more-important Indo-Pacific region.[1]  Instead, it is “a golden opportunity” that we should seize “with both hands.”  He spells out some of what he means and leaves it to readers to understand other parts.  Not all of his argument is persuasive, but it is worth considering. 

Mead argues that Putin’s war against Ukraine “has ignited a national awakening.”  Post-war Ukraine, he predicts, “will be a formidable new force in Europe whose interests and outlook place it firmly in alignment with the U.S.”  Maybe, but also maybe not. 

            He seems to be on target about the “national awakening.”  Two qualifications need to be made.  First, that revival began well before the Russian invasion in February 2022.  The 2013-2014 “Euromaidan” grass-roots protests evicted the pro-Russian President Viktor Yanukovych.[2]  Russia’s reoccupation of Crimea and its sponsorship of pro-Russian movements in the Donbas followed.  Second, that revival has two fronts.  In 2019, voters elected Volodymyr Zelensky as President in a revolt against the endemic corruption in post-Soviet Ukraine.  Russia’s out-right invasion has diverted attention from the corruption issue, but some Ukrainian oligarchs don’t seem to have felt the same nationalist pride coursing through the veins of ordinary Ukrainians. 

            Mead may or may not be on target about a “formidable” post-war Ukraine.  He foresees a country with a “battle-tested army” that will “join Poland, the Baltic republics, and the Scandinavian countries” in a barricade against Russian expansion. 

Any future event can become the focus of present hopes and fears.  So all predictions should be taken with a grain of salt.  In the case of a formidable post-war Ukraine, other examples drawn from history urge caution.  In 1783, the new United States emerged from the War for Independence exhausted and with its people eager to turn their attention to other pressing concerns.  After the Second World War, the British people voted for domestic reforms, rather than the preservation of empire.  Defense spending fell sharply.  “Battle-tested armies” shrank mightily in both cases. 

Ukraine’s army largely consists of patriotic volunteers who rushed to the colors when Russia attacked.  They’re going to want to go back to civilian life when the war ends.  Americans estimate Ukrainian military casualties at 20,000 killed and 130,000 wounded; civilian deaths are estimated above 40,000.[3]  Much of the country has been physically devastated into the bargain.  Bouncing back from such losses will not be easy. 

            How will this redound to the benefit of the West elsewhere?  In two ways.  First, an exhausted, perhaps even defeated Russia will be no useful partner to Xi Jinping.  Mead argues that the Eastern bloc in NATO and the European Union will resist any post-war (or wartime, come to that) appeasement of Russia by the Western Europeans. 

            A defeat for Russia will revive the credibility of an American alliance, eroded by decades of mismanagement.  South Korea, Taiwan, Japan, and countries in Southeast Asia may all take heart in facing the Chinese danger.  Americans shouldn’t take a victory lap.  We’re just starting. 


[1] Walter Russell Mead, “Putin’s War Is America’s Opportunity,” WSJ, 30 May 2023. 

[2] See: “Winter on Fire: Ukraine’s Fight for Freedom” (dir. Evgeny Afineevsky, 2015).  Excellent documentary. 

[3] See: Casualties of the Russo-Ukrainian War – Wikipedia