The (In)Effectiveness of Sanctions
What is the point of a sanction? Arguably, it’s to elicit a change in behavior via financial pain. Administrations throughout time have used sanctions with the most recent example being sanctions against Russia. However, instead of weakening Russia, the ruble is as strong as it’s been in 5 years. China and India have stepped in to fill the oil export gap left by Western Europe. Worldwide, oil prices are significantly contributing to inflation. So what is the point of sanctions if the country being sanctioned is thriving and the rest of the world is hurting? Or is there more to it than that? Check out this week’s episode to hear Dylan and Tom debate the effects of sanctions, the state of crypto and more.