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14min chapter
Saleha Mohsin on *Paper Soldiers: How the Weaponization of the Dollar Changed the World Order*
Macro Musings with David Beckworth
The Complexities of Economic Sanctions
This chapter provides a detailed analysis of the Iran deal under President Obama's administration, focusing on the intricate use of economic sanctions and the challenges Europe faced in trading with Iran while complying with US sanctions. It delves into the tensions between the US Treasury and Europe, the impact of Trump's policies on manufacturing and labor, the shift towards protectionist measures, and the changing trajectory of trade policy under both Trump and Biden. The chapter also explores the efficacy and implications of Russian sanctions, discussing concerns about de-dollarization and challenges in moving away from the dollar in international transactions.
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