Many Americans assume that part of maintaining quality of life in the country means that we should do whatever we can to maintain the status quo situation of the dollar as the world reserve currency. However, I view it differently. The status quo of the dollar's hegemony has directly contributed to the domestic hollowing-out that we've experienced for decades especially after the Cold War ended. The system that has been in place since the 1970s is antiquated monetary technology and is inherently unsustainable due to the accrued imbalances that it creates. Losing dollar hegemony at this point would harm special interests in the United States, would reduce the country's imperial reach, and would require a shift of priorities, but ultimately it would lead toward a more natural and balanced global economy and provide the opportunity for U.S. domestic revitalization. The risk comes when we fail to recognize that and thus fail to make proactive changes from a position of strength. And so far, that's the path we've chosen.

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