A simple Bayesian updating on Ukraine

Putin didn’t carve off the eastern parts of the country, although he could have.  I now infer he wishes to take the whole thing.  There are sometimes reasons why you do not wish to stop and take the free lunch and create a focal line, namely that it can constrain you for the future.  I don’t mean that Putin will conquer Ukraine by military force, but rather bit by bit he will harass the current government into losing legitimacy, until a strongly pro-Russian, pro-Putin government is running that country.   By hook or by crook.

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