Discussing the ruble

As Russia’s ruble falls the West’s pride rises

The Ruble is influx big time. 59 to the dollar and 75 to the euro were the best rates so far today. The Russian government is taking action - the key interest rate was raised, plus it spent about $2 billion in currency intervention. 

But officials like the UK’s Prime Minister David Cameron hail the pressure on Russia and take credit for the tumble. 

Joining us In the NOW is professor of political economy Jeffrey Sommers