[RED DEMOCRATICA] The Dollar and the Deficits

 

October 16, 2009 This Week on ForeignAffairs.com Sponsored by the Priority Pass: Your access to over 600 airport VIP lounges. Essay The Dollar and the Deficits C. Fred Bergsten The global economic crisis has revealed the folly of large U.S. budget and trade deficits, as well as the strong dollar that makes them possible. If it is serious about recovery, the United States must balance the budget, stimulate private saving, and embrace a declining dollar. Read Essay - Sep/Oct 2009 The Dollar Dilemma Barry Eichengreen The economic crisis is hurting the world's top currency. But the pound, the yen, the euro, the renminbi, and the IMF's accounting currency are no match for the dollar. At least for now. Read Advertisement: Priority Pass Get access to over 600 airport VIP lounges for as low as $79! Save up to 20%! Priority Pass gives you access to over 600 airport VIP lounges in over 100 countries and over 300 cities. Enjoy airport VIP lounge amenities like: complimentary snacks and refreshments, internet access, faxes, conference rooms, magazine and newspapers - all in quiet, comfortable surroundings. Limited time offer - save up to 20% off your membership. Join now at www.prioritypass.com/fa20. Postscript The Art of Afghan Alliance Building Kathy Gannon As the United States and its NATO allies slog on in Afghanistan, it is Washington's mismanagement of local alliances that has proved to be the undoing of its strategy in the country. Read Postscript Clarity in the Caucasus? Charles King The recent EU report on the 2008 Russia-Georgia War confirms that both Georgia and Russia acted irresponsibly before and during the war. But it misses an opportunity to outline how the long-running territorial disputes of the Caucasus might be best resolved. Read Subscribe now to Foreign Affairs for only $32 and you'll save 45% off the newsstand price! Copyright © 2002-2009 by the Council on Foreign Relations, Inc. All rights reserved. Home  |  Contact Us  |  Privacy Policy  |  Terms of Use

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