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By Mohamed ElBaradei, Project Syndicate

The root cause of nuclear proliferation is a state’s sense of insecurity or aspiration to increase its power and influence. Given these strategic motives and the lessons of recent history, it is fanciful to think that the use of force and humiliation will discourage a regime from pursuing nuclear weapons.

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Closing the gold window left the US with a pure fiat currency. The results have been disastrous.

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