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

Danny Aiello: Childhood Eczema Made Me Hollywood Outsider

Friday, 24 Oct 2014 21:46 PM

Veteran actor Danny Aiello says he's always seen himself as "an outsider" who is not part of the slick Hollywood crowd , . . .

Violinist Itzhak Perlman: Time to Wipe Out Polio Forever

Friday, 24 Oct 2014 15:17 PM

Itzhak Perlman says the world needs to wipe out the curse of polio once and for all , and the beloved violin virtuoso, s . . .

Sports Radio's Taylor: 'Not Buying' UNC Claim of Clueless Coaches

Friday, 24 Oct 2014 20:19 PM

Eighteen years is "a long time" for coaches at the University of North Carolina to have "no idea" that grades for their  . . .

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