Tag Archives: Ignorance

“Nicht-Wissen kann schützen (Knowing Less Protects),” FuW, 2018

Finanz und Wirtschaft, November 24, 2018. PDF. Ökonomenstimme, November 26, 2018. HTML.

  • European firms dealing with Iran face U.S. “secondary sanctions.”
  • European counter measures (including a blocking statute) prove toothless.
  • Even central banks in the European Union surrender to U.S. pressure, as does SWIFT.
  • Ignorance is bliss: For a sovereign, the best protection against foreign states pressuring to monitor domestic citizens and businesses may be to know as little as possible.