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Sanctioning Yourself in the Foot — Ted Snider

Summary:
"Sanctions," Iran’s new president, Ebrahim Raisi, told the UN General Assembly, "are the US’s new way of war with the nations of the world." At least nineteen countries are currently besieged by the economic warfare of US sanctions.As when they wage military war, the US is willing to accept the high civilian cost of sanctions. In their book Why Civil Resistance Works, Erica Chenoweth and Maria Stephan cite studies showing that sanctions "often harm the civilian population more than the targeted regimes." .…The point of sanctions as economic warfare is to target the adversary government's population with the purpose of instigating an uprising that results in change of government.But this doesn't work.Though sanctions do not produce the desired effects, they do, ironically, produce four

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"Sanctions," Iran’s new president, Ebrahim Raisi, told the UN General Assembly, "are the US’s new way of war with the nations of the world." At least nineteen countries are currently besieged by the economic warfare of US sanctions.

As when they wage military war, the US is willing to accept the high civilian cost of sanctions. In their book Why Civil Resistance Works, Erica Chenoweth and Maria Stephan cite studies showing that sanctions "often harm the civilian population more than the targeted regimes." .…

The point of sanctions as economic warfare is to target the adversary government's population with the purpose of instigating an uprising that results in change of government.

But this doesn't work.
Though sanctions do not produce the desired effects, they do, ironically, produce four undesired effects....

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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