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

Jun 12, 2025 · 1h 36m

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 equities, how AGI will impact the deficit and interest rate, and much more! Watch on YouTube ; listen on Apple Podcasts or Spotify . Sponsors * WorkOS gives your product all the features that enterprise customers need, without derailing your roadmap. Skip months of engineering effort and start selling to enterprises today at workos.com . * Scale is building the infrastructure for smarter, safer AI. In addition to their Data Foundry, they recently released Scale Evaluation, a tool that diagnoses model…

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