Sanctions Never Work

Amstrong Economics Blog/Regulation Re-Posted Feb 4, 2021 by Martin Armstrong

A number of people have asked for my view on putting on sanctions of Myanmar. There have been sanctions for almost 50 years. They never work, similar to the Prohibition ban in the United States. That is what made the Mafia. They became rich with that ban. Sanctions do the same. The smugglers get rich and the poor get poorer. You cannot point to a single incident where sanctions have EVER worked against Russia or Iran or during the Cold War period. Those are far more destructive and drive parties often into the hands of your opposition.

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