The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
Four years ago, after the dubious reelection of Iranian President Mahmoud Ahmadinejad, the Iranian streets were filled with protestors demanding to know what had happened to their votes. This weekend, the voters finally got their answer -- and, once more, they filled the country’s streets. This time, though, they were celebrating as the government confirmed that Hassan Rouhani, the presidential candidate who had campaigned on promises of reform and reopening to the world, had won an overwhelming victory.
The election of Rouhani, a centrist cleric who has been close to Iran’s apex of power since the 1979 revolution, is an improbably auspicious end to the Ahmadinejad era. Rouhani is a blunt pragmatist with plenty of experience maneuvering within Iran’s theocratic system. He is far too sensible to indulge in a power grab à la Ahmadinejad. And, as a cleric, he assuages the fears of the Islamic Republic’s religious