 I would have them calibrate a little bit more aggressively. I think they are overly indexing to a theory of risk about Putin's threat-mongering to NATO territory and under-indexing to the risk of first Kiev and then what? Because that, to me, is the true dimension of escalation that we have to be worried about. Jake Auchincloss, Democratic congressman from Massachusetts. He's joined by Jake Desch of Foreign Policy magazine.