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

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

Tags: Bureaucracy and Regulation, Financial Markets

03/28/2022 Mitch 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"

This Audio Mises Wire is generously sponsored by Christopher Condon.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.