The United States occupies a central role in the global financial system and has leveraged its advantage to combat transnational actors and pressure geopolitical adversaries. The low cost and high utility of financial suasion makes it an appealing tool for presidents seeking alternatives to military force or unsophisticated embargos. However, presidents who make use of this financial strength must understand its roots, appropriate use, and the threats to American predominance it can create.
Paul was an independent thinker, uninterested in unifomity of behavior in others. His thinking and practice were contextual—shaped by and for each new situation