The Economist.
Hello and welcome to The Intelligence from The Economist.
I'm Rosie Blau.
Today on the show, how the value of SpaceX affects you and me,
and remembering Alan Greenspan, the maestro of monetary policy.
But first,
Last week, after Ukraine suffered a particularly massive overnight bombardment, President Volodymyr Zelensky issued a warning.
If Ukraine burns, your Moscow will burn too.
Since then, the intensity of Ukrainian strikes on Russian territory has been stepped up.
Smoke obscured Moscow's skyline as oil refineries were set ablaze.
The Crimean peninsula, which has been under Russian occupation since 2014, has also been attacked.
The campaign aims to bring war to Russia's doorstep.
The question is whether it will alter the course of the conflict or simply provoke further escalation.
Crimea has been under attack from Ukrainian drones for months now.
Matt Steinglass is our Europe editor.
Most recently, drones have hit power lines causing blackouts.
The Ukrainians blew up an oil terminal in Kerch,
and they have repeatedly hit ferries, which served as one of the peninsula's main arteries of supply.
Lorries are having a lot of trouble getting through.
They have to take a long highway, but that highway is also vulnerable to Ukrainian drones.