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Desmond Lachman

Desmond Lachman

3 commentaries

Desmond Lachman, a senior fellow at the American Enterprise Institute, is a former deputy director of the International Monetary Fund’s Policy Development and Review Department and a former chief emerging-market economic strategist at Salomon Smith Barney.

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  1. What Role for the Bond Vigilantes?
    elerian175_Spencer PlattGetty Images_nyse Spencer Platt/Getty Images
    Free to read

    What Role for the Bond Vigilantes?

    Mar 7, 2025 J. Bradford DeLong, et al. consider whether the return of the “bond vigilantes” will become a persistent issue for major economies

  2. Will Trump Trigger a Eurozone Debt Crisis?
    lachman2_Nur PhotoGettyImages_euros Nur Photo/Getty Images

    Will Trump Trigger a Eurozone Debt Crisis?

    Mar 4, 2025 Desmond Lachman hopes the US president recognizes that his proposed tariffs could quickly blow back on the US.

  3. Trump’s Looming Deficit Disaster
    lachman1_Jemal CountessGetty Images for the Peter G. Peterson Foundation_USdebt Jemal Countess/Getty Images for the Peter G. Peterson Foundation

    Trump’s Looming Deficit Disaster

    Feb 11, 2025 Desmond Lachman explains why the US president’s trade tariffs and planned tax cuts are at odds with basic economic realities.

  1. simons2_Fadel SennaGettyImages_uae_foreign_aid Fadel Senna/Getty Images
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    Trump’s War on Foreign Aid and the Rise of Transactional Diplomacy

    Bright Simons highlights the global implications of the administration’s decision to shut down USAID.
  2. iyahen1_RANDY BROOKSAFP via Getty Images_barbadoshurricane Randy Brooks/AFP via Getty Images
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    Insuring Coastal and Ocean Resilience

    Ekhosuehi Iyahen explains how the insurance industry can mobilize private capital toward nature-based solutions.
  3. duranton2_AnadoluGettyImages_cybersecurity_conference Anadolu/Getty Images
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    What AI Can Learn From Aviation Safety

    Sylvain Duranton & Vanessa Lyon explain why the technology’s future depends on ensuring system integrity and preventing misuse.
  4. okonjoiweala32_Jessica RinaldiThe Boston Globe via Getty Images_UStelemedicine Jessica Rinaldi/The Boston Globe via Getty Images
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    America’s Big Trade Win

    Ngozi Okonjo-Iweala

    Despite the uncertainty surrounding global trade, there are some bright spots – namely, booming trade in services. And here, ironically, the United States is leading the way, running a services trade surplus with most major economies and generating millions of good jobs for American workers.

     encourages the US government to acknowledge the country’s impressive success in exporting services.
  5. krebs3_AXEL HEIMKENAFP via Getty Images_germanytankproduction Axel Jeimken/AFP via Getty Images
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    Germany’s Incoming Government Has Embraced Military Keynesianism

    Tom Krebs & Isabella M. Weber

    Germany's prospective governing parties have now amended the country's constitutional "debt brake" in order to boost defense spending. But by limiting the amendment to military expenditure, they are squandering an opportunity to invest in the country's economic future.

     warn that current plans to boost military spending will unnecessarily undercut other priorities.
  6. oneill131_CFOTOGettyImages_us_dollar CFOTO/Getty Images
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    Will the Dollar Continue to Fall?

    Jim O'Neill explains why the US currency has been declining despite widespread expectations to the contrary.
  7. tyson123_NurPhotoGettyImages_migrant_deportation NurPhoto/Getty Images
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    Deportations Will Deepen the Trump Slump

    Laura Tyson & Lenny Mendonca point out that immigrants are a major factor in the US economy’s overall performance.
  8. jclapp2_NurPhotoGettyImages_cargo_ship NurPhoto/Getty Images
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    The Biofuel Sham Could Worsen Global Hunger and Inequality

    Jennifer Clapp & Olivier De Schutter urge the UN maritime regulator not to encourage the shipping industry to move from one unsustainable fuel to another.
  9. rodrik233_Scott OlsonGetty Images_universityresearchfunding Scott Olsen/Getty Images
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    When Will US Academia and Business Speak Up Against Trump?

    Dani Rodrik argues that leaders in both sectors bear a disproportionate responsibility to come to democracy's defense.

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