Putin’s Groundhog Day: The Russian people keep paying the price for their leaders’ incompetence
In the bad old days, Russia's facsimile of an economy would crash every time the price of oil did. The government would go broke, the currency would collapse, and ordinary people would see their standard of living evaporate. Now if all this sounds familiar, that's because the bad old days never went away under Vladimir Putin. He just got lucky until now.