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The West's Russia Sanctions Show Why States Want to Weaponize the Financial System

Audio Mises Wire

Tags Bureaucracy and RegulationFinancial Markets

03/28/2022Mitch Nemeth

States continue to seek new ways to make the financial system an “economic chokepoint” enabling the state to crack down on specific organizations, individuals, or activities.

Original Article: "The West's Russia Sanctions Show Why States Want to Weaponize the Financial System"

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Author:

Mitch Nemeth

Mitchell Nemeth is a Risk Management and Compliance professional in Atlanta, Georgia. He holds a Master in the Study of Law from the University of Georgia Law School, and he has a BBA in Finance from the University of Georgia. His work has been featured at the Foundation for Economic Education, RealClearMarkets, Merion West, and Medium.

Original Article: 
The West's Russia Sanctions Show Why States Want to Weaponize the Financial System