Prof. Steve Hanke: US Strikes UAE Bank Over Iran Sanctions
Summary
Professor Steve Hankey joins Nima to critique the US Treasury’s new sanctions on Iranian-linked banks, arguing that such measures are illegal and historically ineffective. Hankey details the economic fallout of the war, including soaring energy prices and damaged US military bases, while noting that China’s free-trade approach contrasts sharply with Washington’s interventionist, "national socialist" policies. He attributes the administration’s doubling down on sanctions to political lobbying and a lack of public pressure, concluding that the US strategy has resulted in a strategic catastrophe.
Listen ad-free on Castria