Is It Time for the U.S. to Disengage the World from the Dollar?
May 02, 2011 at 14:47 PM EDT
The week before last on Thursday the Financial Times published an OpEd piece I wrote arguing that Washington should take the lead in getting the world to abandon the dollar as the dominant reserve currency. My basic argument is that every twenty to thirty years – whenever, it seems, that American current account deficits surge [...]