Sanctions and the Risk to the Dollar
Any US administration should pause before cutting off access to the dollar-trading system as a way to punish misbehavior by foreign governments. Over time, even legitimate actors will find alternative commercial and financial channels if they come to feel that dollar access is conditional on not running afoul of US interests.
CAMBRIDGE – How can the US respond to cyber attacks by foreign powers or their proxies? It is an issue that has faced President Barack Obama in the wake of reports of Russian hacking during the United States’ recent election cycle. But it’s not just about Russia or Obama. President-elect Donald Trump will face the same problem. And he won’t have very good options, either.