Imposing sanctions will advance the reach of surveillance capitalism while strengthening the power of states to control the financial system overall. The end result will be a lower standard of living and a less free economy.
When there is increased money coming into an economy from somewhere, the first recipients benefit. They spend it according to their preferences and benefit from the new money, while others who only face higher prices are hurt.
Even if the Fed finally delivers the tapering and starts raising rates, it won’t get any further than it did back in the last anemic rate hike (2015–18) and tiny balance sheet shrinking (2017–19) cycles.