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U.S. Foreign Policy vis-à-vis the World: Is America an External Authority Still?

Writing in Foreign Affairs in 2010, Roger Altman and Richard Haass had forecast an age of "American austerity," arguing that U.S. global power will be contingent on the success of American policymakers in reducing the national debt and sustaining economic growth – an argument, which is deeply rooted in the Hamiltonian tradition. "It is not reckless American activity in the world that jeopardizes American solvency" — Altman and Haass wrote – "but American...