People are always triumphantly explaining to this benighted blogger that the dollar is the driving factor behind U.S. foreign policy. The dollar is a variable that is important, and it is true that Saddam Hussein, the Iranians, and Gaddafi all made noises about getting rid of the dollar. I think U.S. foreign policy is largely about global hegemony. I think this goes back to the neoconservative agenda that began to be made more public more noisily in the person of William Kristol and his circle who wrote in Foreign Affairs and published articles calling for benevolent hegemony, and that agenda … Continue reading The Dollar and Global Hegemony