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The Blessings of Economic Sanctions

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Iran has been concerned about threats of economic sanctions since the beginning of the year. But why? If trading with another country is bad, as we are continually told by nationalist conservatives and some well-known economists, then Iran should rejoice if the whole world refused to trade with it. Sanctions should be looked upon as a great economic blessing. Long live autarky.

Laurence M. Vance is an Associated Scholar of the Mises Institute, founder of the Francis Wayland Institute, and a columnist for LewRockwell.com and the Future of Freedom Foundation. He is the author of The War on Drugs is a War on FreedomWar, Christianity, and the State: Essays on the Follies of Christian Militarism, and War, Empire, and the Military: Essays on the Follies of War and U.S. Foreign Policy.

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