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Desmond Lachman

Desmond Lachman

4 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. America Looks Like a Troubled Emerging-Market Economy
    lachman3_Charly TriballeauGettyImages_us_economy_eggs Charly Triballeau/Getty Images

    America Looks Like a Troubled Emerging-Market Economy

    Mar 21, 2025 Desmond Lachman lists the symptoms, from tariffs and massive public debt, to oligarchy and flagrant conflicts of interest.

  2. 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

  3. 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.

  4. 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. gebert5_Amir LevyGetty Images_netanyahuprotest Amir Levy/Getty Images
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    Will Qatari Gold Sink Netanyahu?

    Konstanty Gebert

    Israeli Prime Minister Binyamin Netanyahu's decision to fire the country's internal security chief has raised suspicions, given that the move comes just after the launch of an investigation into a new scandal involving his own aides. Israelis are right to worry that they could now be heading for a constitutional crisis.

     explains the latest scandal to hit Israel's increasingly illiberal, norm-breaking government.
  2. khrushcheva191_Anna MoneymakerGettyImages_steve_witkoff Anna Moneymaker/Getty Images
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    The US and Russia Are Negotiating in Bad Faith

    Nina L. Khrushcheva thinks the Kremlin is laying the groundwork for a highly favorable deal on the Ukraine war.
  3. schaake12_Thierry MonasseGettyImages_henna_virkkunen Thierry Monasse/Getty Images
    1

    Europe’s Tech Sovereignty Demands More Than Competitiveness

    Marietje Schaake & Max von Thun warn that the European Union’s deregulatory push could undermine its autonomy and fundamental values.
  4. nsofor11_GUY PETERSONAFP via Getty Images_africadoctors Guy Peterson/AFP via Getty Images
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    How Should Africa Respond to Foreign-Aid Cuts?

    Ifeanyi M. Nsofor touts the potential of foreign remittances to sustain public services as external support shrinks.
  5. huang6_Sawayasu TsujiGettyImages_china_tariffs Sawayasu Tsuji/Getty Images
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    How Should China Respond to Trump’s Tariffs?

    Huang Yiping urges Chinese policymakers to fill the leadership vacuum created by America’s protectionist turn.
  6. oneill132_Feature ChinaFuture Publishing via Getty Images_chinashopping Feature China/Future Publishing via Getty Images
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    Who Will Drive the Post-American Global Economy?

    Jim O'Neill considers what other large economies can do to offset the effects of the Trump administration's trade warfare.
  7. op_fofack4_Irwin Wong for The Washington Post via Getty Images_elderlypersonworking Irwin Wong for The Washington Post via Getty Images
    1

    Health Is Wealth in a Geriatric World

    Hippolyte Fofack

    The Global South is increasingly at risk of growing old before becoming rich, which implies huge social and economic costs. To avert this outcome, the Hevolution Foundation, a nonprofit backed by the Saudi royal family, has begun to support research focused on lengthening healthspans – the period of life spent in good health.

     explains why increasing “healthspans” to match lifespans is a moral and economic imperative.
  8. przybylski2_Alexander KoernerGetty Images_germanyarmy Alexander Koerner/Getty Images
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    Europe’s Democrats Must Forge a Will to Fight

    Wojciech Przybylski & Goran Buldioski think European leaders' most urgent security task is to nurture citizens' resolve to defend their countries.
  9. mazzucato81_Tomas CuestaGetty Images_javiermileichainsaw Tomas Cuesta/Getty Images
    2

    Governments Are Not Startups

    Mariana Mazzucato & Rainer Kattel explain why ongoing efforts to run the state like a business are doomed to fail.

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