{"id":74403,"date":"2009-12-10T06:19:00","date_gmt":"2009-12-10T11:19:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/global-imbalances-lachman-dollar-2009-12"},"modified":"2009-12-10T06:19:00","modified_gmt":"2009-12-10T11:19:00","slug":"desmond-lachman-the-dollar-is-a-mess-but-heres-why-the-world-cant-ditch-it","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/74403","title":{"rendered":"Desmond Lachman: The Dollar Is A Mess, But Here&#8217;s Why The World Can&#8217;t Ditch It"},"content":{"rendered":"<p><a href=\"http:\/\/www.businessinsider.com\/global-imbalances-lachman-dollar-2009-12\/the-economic-crisis-is-not-over-1\"><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b202e1e0000000000eb473c\" border=\"0\" alt=\"lachman aei global imbalances\" \/><\/a><\/p>\n<div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Global imbalances may not have been at the root of the financial crisis &#8212; as some had warned &#8212; but they&#8217;re still dangerous.<\/p>\n<p>Problem is, there&#8217;s no great replacement for the dollar.<\/p>\n<p>&#8220;You can&#8217;t take the U.S. debt off the table quite yet,&#8221; says AEI resident scholar Desmond Lachman, but adds that &#8220;I don&#8217;t buy the notion that this whole crisis was because we had global imbalances.&#8221;<\/p>\n<p>Lachman&#8217;s remarks came at an AEI event on the the subject, &#8220;<a href=\"http:\/\/www.aei.org\/event\/100178#doc\">Global Imbalances: The Next Crisis?<\/a>&#8221; also featuring University of Virginia economist Frank Warnock.<\/p>\n<p>Yesterday, we brought you Warnock&#8217;s <a href=\"http:\/\/www.businessinsider.com\/global-imbalances-next-crisis-2009-12\">assessment<\/a>; today, we bring you Lachman&#8217;s.<\/p>\n<h2><a href=\"http:\/\/www.businessinsider.com\/global-imbalances-lachman-dollar-2009-12\/the-economic-crisis-is-not-over-1\">SEE WHY GLOBAL IMBALANCES ARE BAD, BUT WHY WE CAN&#8217;T DITCH THE DOLLAR EITHER&gt;&gt;&gt;<\/a><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/global-imbalances-lachman-dollar-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/global-imbalances-next-crisis-2009-12\">The Global Rebalancing Nightmare Has Yet To Begin<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/FV7f07AmAcY\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global imbalances may not have been at the root of the financial crisis &#8212; as some had warned &#8212; but they&#8217;re still dangerous. Problem is, there&#8217;s no great replacement for the dollar. &#8220;You can&#8217;t take the U.S. debt off the table quite yet,&#8221; says AEI resident scholar Desmond Lachman, but adds that &#8220;I don&#8217;t buy [&hellip;]<\/p>\n","protected":false},"author":77,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-74403","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/74403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=74403"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/74403\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=74403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=74403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=74403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}