David Lin: Biggest Supply Shock Since the 1970’s

In a thought-provoking interview with David Lin, Harvard economist Kenneth Rogoff delves into the precarious state of the U.S. dollar as the global reserve currency, the challenges facing the American economy, and the shifting geopolitical landscape. As a renowned economist and former Chief Economist of the International Monetary Fund (IMF), Rogoff offers a nuanced analysis of the dollar’s trajectory, the rise of alternative currencies, and the implications for the global economy. Rogoff’s primary concern is the unsustainable trajectory of U.S. federal debt, which he warns could lead to fiscal crises, including inflation bursts, financial repression, or selective defaults. Drawing historical…