Financial Hardball: Corralling Terrorists and Proliferators

This hearing of the Subcommittee on Terrorism, Nonproliferation, and Trade today will look at corralling terrorists and proliferators--financial hardball, in other words.

Economic sanctions have long been a key diplomatic tool. Athens imposed a trade boycott on Sparta's ally Megara. And, of course, it is a long history, but in recent years the United States has increasingly relied upon reputational financial sanctions, particularly against North Korea and Iran. These sanctions target financi...