3min chapter

Hidden Forces cover image

The Threats to US Dollar Hegemony | Daniel McDowell

Hidden Forces

CHAPTER

The Rise of Financial Sanctions in the United States

The use of financial sanctions really came into vogue with the onset of the war on terror, says Peter Bergen. They're targeted and can be scaled up to target entire firms or entire sectors, he adds. "Smart sanctions" are a more versatile tool that has fewer negative externalities than the old kind of sanctions," writes Bergen.

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