Should We Dethrone King Dollar ???

Here is an insane op-ed piece from The New York Times:

But new research reveals that what was once a privilege is now a burden, undermining job growth, pumping up budget and trade deficits and inflating financial bubbles. To get the American economy on track, the government needs to drop its commitment to maintaining the dollar’s reserve-currency status.

But while more balanced trade might raise prices, there’s no reason it should persistently increase the inflation rate. We might settle into a norm of 2 to 3 percent inflation, versus the current 1 to 2 percent. But that’s a price worth paying for more and higher-quality jobs, more stable recoveries and a revitalized manufacturing sector. The privilege of having the world’s reserve currency is one America can no longer afford.

http://www.nytimes.com/2014/08/28/opinion/dethrone-king-dollar.html

With the possible exception of Israel's rationale for attacking Gaza, this is the most idiotic thing I have read all year.

Take away the dollar's reserve status and this economy will collapse like a soufflé. Try it; you'll see.