The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
THE foreign policy of any nation is the resultant of varied forces. Economic conditions, commercial rivalries, dynastic ambitions, and special issues arising from time to time, determine a nation's attitude toward other states. In a democracy, it is also inescapable that a political party in opposition should oppose measures taken by the party in power affecting relations with foreign countries, as well as those affecting only domestic subjects, particularly when the character of the matter involved may be used to arouse public interest or public prejudice. The motto of every political party is, "Any stick to beat a dog!"
Paradoxically enough, in the United States, one of the youngest of the nations, tradition has been perhaps the strongest force in shaping our international course. This was recognized by the group of Senators who in 1919 organized to prevent the approval of the Versailles Peace Treaty, as a means of destroying President