Iran has been concerned about threats of economic sanctions since the beginning of the year. But why? If trading with another country is bad, as we are continually told by nationalist conservatives and some well-known economists, then Iran should rejoice if the whole world refused to trade with it. Sanctions should be looked upon as a great economic blessing. Long live autarky.
Source link: http://archive.mises.org/5045/the-blessings-of-economic-sanctions/