"China is digging out of a crisis. And America’s luck is wearing thin." — Ken Rogoff

On this episode

About this episode

Ken Rogoff is the former chief economist of the IMF, a professor of Economics at Harvard, and author of the newly released Our Dollar, Your Problem and This Time is Different . On this episode, Ken predicts that, within the next decade, the US will have a debt-induced inflation crisis, but not a Japan-type financial crisis (the latter is much worse, and can make a country poorer for generations). Ken also explains how China is trapped: in order to solve their current problems, they’ll keep leaning on financial repression and state-directed investment, which only makes their situation worse. We also discuss the erosion of dollar dominance, why there will be a rebalancing toward foreign…