The Strategy Sessions is a limited-run podcast hosted by Emma Ashford, a senior fellow with the Reimagining US Grand Strategy Program at the Stimson Center. Today, Emma talks with Michael Beckley, an associate professor at Tufts University and fellow at the American Enterprise Institute. Emma and Michael discuss whether or not American policymakers can use multilateral institutions to the U.S.'s advantage, United States’s “declining” power, and how leaders can rightsize the U.S.'s  “alliance portfolio.”Emma and Mike’s discussion is part of the New Visions for Grand Strategy Project, a collection of essays, videos, and podcasts in which out-of-the box thinkers discuss the future of U.S. foreign policy.*The Strategy Sessions Podcast is hosted by the Stimson Center and produced by University FM.