Hungarian Conservative

‘There is also a way to deal with the world’s largest economy, for the US Dollar (USD) is not going to decline anytime soon. Those who claim that the USD is in decline often argue that for centuries, reserve currencies have risen and fallen in tandem with their home economies. As the US’ share of the global economy diminishes, economists argue, so too will the USD and its global hegemony. A fascinating yet hardly conclusive argument since there has never been a dominant global reserve currency prior to the USD. Quite the contrary, the USD is the only currency ever to have played such a pivotal role in international commerce.’

The debate here is not one of having a strong military, which, to borrow President Woodrow Wilson’s famous phrase, is necessary to make ‘the world safe for democracy’. Rather, it is how military expenditure, or militarism, becomes an end in itself.