Duke Finance Prof: Russia Does Not Have a 'Ragtag Military'

Friday, 08 Aug 2014 05:01 PM

By Courtney Coren

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Duke University finance professor Campbell Harvey said he disagrees with Illinois Rep. Adam Kinzinger's assertion that Russia has a "ragtag military" — because it does pose a real threat.

"I totally disagree with this idea that Russia is like a ragtag unit," Harvey told Ed Berliner on "MidPoint" on Newsmax TV Friday.

Story continues below video.



Note:
Watch Newsmax TV now on DIRECTV Ch. 349 and DISH Ch. 223
Get Newsmax TV on your cable system — Click Here Now


"The one critical factor that was ignored is that Russia has a massive nuclear arsenal, so it is a match to the U.S. in terms of the last resort," he explained. "So it has a major deterrent."

However, the professor of finance at the Fuqua School of Business at Duke University said that Russia is "obviously not as powerful as it was during the Soviet Union time, but you cannot ignore the fact that this country poses a major threat."

Harvey said that it's important not "to escalate too quickly, and this is exactly the strategy that has been followed."

"The way to go after Russia is with the dollar, but this mentality of changing Russia into the 20th century gas station, that's not helping us," he added.


Related Stories:

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

CNN's Stelter: News Anchors Secretly Talking to Ferguson Officer

Sunday, 23 Nov 2014 16:43 PM

CNN's Brian Stelter reported Sunday that major news anchors have been meeting secretly with Darren Wilson, the Ferguson  . . .

Obama: Americans Want 'New Car Smell' in 2016

Sunday, 23 Nov 2014 10:10 AM

President Barack Obama says he wants a Democrat in the White House in 2016 and is pledging to do everything possible to  . . .

Giuliani: 93 Percent of Blacks Are Killed by Blacks

Sunday, 23 Nov 2014 10:49 AM

Former New York Mayor Rudolph Giuliani says people pushing for an indictment from the grand jury probing the Michael Bro . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved