Economic security

Banks, Not Tanks: Using Money as a Geopolitical Tool

...War by Other Means: Geoeconomics and Statecraft is their blueprint for how the United States national security apparatus can better wield the economic tools at its disposal. It is, in military parlance, about putting the big “E” in the DIME (Diplomatic, Informational, Military, Economic) equation back into balance with the other ways in which a great power projects power. Indeed, as Ambassador John Cloud, the Ruger professor of national security economics at the Naval War College, writing in these pages, noted, a “tremendous advantage” the United States enjoys around the world, whether in responding to the crisis in Ukraine or other geopolitical challenges, is “the strength of free-market economics.”