“[A]s the focus on sanctions intensifies, a review of the United States’ experiences in enforcing its own longstanding restrictions on trade with Iran suggests it would be difficult to truly quarantine the Iranian economy. Black market networks have sprouted up all over the globe to circumvent the sanctions.” (New York Times, Monday)
Actually, it’s a tribute to the prowess of the market.
FEE Timely Classic
“The Folly of Economic Warfare” by Doug Bandow
