As nervous investors pushed down the price of Ukraine’s government Eurobonds on Friday

As nervous investors pushed down the price of Ukraine’s government Eurobonds on Friday, Ljungman, a Swedish economist with a decade of IMF work, gave a primer in classical economics: “We know that prudent monetary, monetary and financial policies have an extremely positive impact on long-term economic development. But we also know that sometimes good policies are unpopular, and some politicians seek to stimulate rapid growth.”