The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
In 1986, the Pulitzer Prize–winning, bowtie-wearing Stanford historian Carl Degler delivered something other than the usual pipe-smoking, scotch-on-the-rocks, after-dinner disquisition that had plagued the evening program of the annual meeting of the American Historical Association for nearly all of its centurylong history. Instead, Degler, a gentle and quietly heroic man, accused his colleagues of nothing short of dereliction of duty: appalled by nationalism, they had abandoned the study of the nation.
“We can write history that implicitly denies or ignores the nation-state, but it would be a history that flew in the face of what people who live in a nation-state require and demand,” Degler said that night in Chicago. He issued a warning: “If we historians fail to provide a nationally defined history, others less critical and less informed will take over the job for us.”
The nation-state was in decline, said the wise men of the time. The