Keynes warned the world against using economic sanctions. His alternative is worth considering | Nicholas Mulder

Contributing sentiments towards policy:

57% : In its domestic response to the pandemic, the US government has rediscovered the Keynesian lesson that public spending is an effective means to ward off economic downturns.
56% : Sanctions waivers therefore offer real opportunities for Tehran and Moscow.
49% : Making the prospect of sanctions relief credible will also help manage relations with adversaries like Iran and Russia.
45% : In past years the effects of nationalism, trade conflict, natural disasters, and the coronavirus pandemic have weakened globalization.
39% : To the contrary: years of restrictions have lowered the economic growth trajectories of Iran and Russia, eroded their currencies, and caused inflationary pressures.
37% : Sanctions made economic interdependence appear more dangerous than protectionism.
35% : Iran has been under US sanctions on and off since 1979.
20% : Two weeks ago, US officials warned Iran, already under heavy economic pressure, that it will face "snapback" sanctions unless Tehran restrains its nuclear ambitions.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.