The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
In early February, months-long tensions between the White House and the Pentagon over how to address North Korea spilled out into the public scene. As officials revealed to the New York Times, National Security Adviser H. R. McMaster had demanded that the Pentagon provide a menu of detailed military plans, including a “bloody nose” strike against North Korean nuclear facilities, in order to bring credibility to President Donald Trump’s threats. But the Pentagon, these officials noted, appeared reluctant to deliver on the request, seemingly worried that the White House lacked an appreciation of how quickly a military strike could escalate.
The reality is more nuanced. The Pentagon’s apparent refusal to deliver the White House’s desired military plans most likely derived from a number of factors unrelated to the Department of Defense’s feelings about the president or his foreign policy. In this case, the parameters likely set