“Sanctions are for losers” and tariffs are a “Dumbo tax” as the dollar weakens and gold rises – Steve Hanke

(Kitco News) – The global monetary order is straining under sanctions and tariffs, with gold emerging as the safe-haven winner, according to Steve Hanke, Professor of applied economics at Johns Hopkins University. “Sanctions are for losers,” Hanke said. “Russia is the most sanctioned country in the world by far. Who’s paid for this? Well, the Europeans.”