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Tonight on The Last Word: The Trump administration struggles to dismiss the latest weak jobs report. Also, Donald Trump threatens to send the National Guard to Chicago. Plus, Trump reportedly cancels U.S. aid to Baltic states amid Russia's aggression. A boat from Venezuela is hit by a U.S. military strike. And Trump plans to eliminate a Biden-era flight delay refund rule. Kenneth Rogoff, Rep. Lauren Underwood, Lt. Col. Alexander Vindman (ret.), Tom Nichols, Rep. Adam Smith, and Rep. Steve Cohen join Ali Velshi.
Interview recorded - 29th of October, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming on Kenneth Rogoff. Kenneth is a world-renowned economist, former Chief Economist at the International Monetary Fund & Maurits C. Boas Professor at Harvard University. During our conversation we spoke about liberation day, impact on global economy, whether it would help manufacturing in the US, deficits, risk of US Dollar supremacy and more. I hope you enjoy!0:00 - Introduction1:42 - Current macroeconomics2:52 - Liberation day5:47 - Manufacturing in the US?8:10 - Concentrated Manufacturing12:08 - Deficits14:32 - Inflation16:57 - Fallout of continued deficits20:10 - Central bank independence26:52 - Chinese deflation29:42 - End of US Dollar Hegemony?34:42 - Replacing the US Dollar39:22 - US Dollar liquidity40:38 - One message to takeaway?Kenneth Rogoff is Maurits C. Boas Professor at Harvard University, and former chief economist at the IMF. His influential 2009 book with Carmen Reinhart, This Time Is Different: Eight Centuries of Financial Folly, shows the remarkable quantitative similarities across time and countries in the roots and aftermath of debt and financial crises. Rogoff is also known for his pioneering work on central bank independence, and on exchange rates. He is co-author of the widely-used graduate text, Foundations of International Macroeconomics. His 2016 book The Curse of Cash looks at the past, present and future of currency from standardized coinage to crypto-currencies. His monthly syndicated column on global economic issues is published in over 50 countries. Rogoff's 2025 book Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance and the Road Ahead offers a sweeping view of the post-war rise of the dollar, the challenges the rest of the world has in dealing with it, and how this experience can help inform the contours of the evolving new global financial system.Rogoff is an elected member of the National Academy of Sciences and the American Academy of Arts and Sciences. He has long ranked among the top dozen most cited economists, and is an international grandmaster of chess.Kenneth Rogoff - Book: https://yalebooks.yale.edu/book/9780300275315/our-dollar-your-problem/Website: https://rogoff.scholars.harvard.edu/X: https://x.com/krogoffWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail image from - https://www.fairobserver.com/economics/our-dollar-your-problem-market-stress-exchange-rate-feedback-and-the-fiscal-reckoning-ahead/
The dominance of the US dollar as the global reserve currency has been gradually declining for years, but Donald Trump's policies could rapidly accelerate de-dollarization and the transition to a more multipolar international financial order, warn even mainstream American economists like Barry Eichengreen and Kenneth Rogoff. Political economist Ben Norton reviews the evidence. VIDEO: https://www.youtube.com/watch?v=utvD1JiIgCM Our related article - "Trump advisor reveals tariff strategy: Force countries to pay tribute to maintain US empire": https://geopoliticaleconomy.com/2025/04/10/trump-advisor-miran-tariff-pay-us-empire/ Topics 0:00 Dedollarization 0:43 Trump's policies accelerate dedollarization 3:50 Economist Barry Eichengreen 5:25 (CLIP) Barry Eichengreen on dedollarization 6:54 Gradually, and then suddenly 7:49 Erosion of dollar dominance 9:18 Decline of US economy 11:36 Rise of China 12:50 Gold: why central banks keep buying it 15:42 Western sanctions 17:57 List of reasons driving dedollarization 18:42 Trump's tariffs & US trade deficit 20:10 Trump pressures Federal Reserve 22:58 Why Trump wants low interest rates 24:56 US Treasury market volatility 26:03 Fewer foreigners want US government debt 29:32 US economy: a financial house of cards 30:34 High corporate bond yields 32:26 Reasons driving dedollarization 32:56 Inflation 36:31 Trump fires BLS chief 37:40 Mar-a-Lago Accord plans 38:54 (CLIP) Trump economic advisor Stephen Miran 38:59 Plaza Accord redux 40:30 Century bonds: de facto US debt default 44:46 Private investors de-dollarize too 45:25 Post-US dollar world 47:14 Economist Kenneth Rogoff 48:09 Trump's own Nixon shock 48:51 Multipolar financial world 50:46 Outro
A US central bank governor, Lisa Cook, has launched legal proceedings to try to thwart President Trump's attempt to fire her. We get the latest on Trump's attempt to keep the bank to heel, and speak to a former senior economist at the Fed, Kenneth Rogoff. Also in the programme, the Israeli military reveals results of an initial probe into yesterday's attack on a Gaza hospital, which killed 20 people including well-known journalists. And American pop superstar Taylor Swift announces her engagement to her partner Travis Kelce.(Photo: President Trump in the White House on August 25, 2025. Credit: REUTERS/Jonathan Ernst)
Roger Montgomery, Chief Investment Officer of Montgomery Investments, joined Philip Clark to discuss the latest finance news and take questions from Nightlife listeners.
Lighthearted banter to kick things off—coffee, creatine, and mushroom elixirs fueling the Swan crewMarket focus: Jerome Powell signals possible September Fed rate cut, sparking a sharp Bitcoin rally to $117K+Discussion on short-term market sentiment vs long-term conviction: zoom out, stay focused on fundamentalsTechnical analysis spotlight: Bitcoin's 200-day SMA crosses $100K for the first time, historically a bullish long-term signalDebate over whether Bitcoin will continue classic boom–bust cycles or “grind boringly” upward due to ETF + institutional flowsBitcoin seasonality chart reviewed: September historically weak, but October and November deliver strong gains (“Uptober”)MicroStrategy revises MNAV guidance on ATM issuance—sparks short-term drama but long-term thesis remains unchangedDebate around Harvard economist Kenneth Rogoff's anti-Bitcoin remarks (“$100 not $100K”) dismissed as stale FUDBIS proposal to blacklist “non-KYC tainted coins” sparks discussion on financial surveillance and freedomLighter notes: Bitcoin cameo in South Park, Norwegian sovereign wealth fund adds MSTR/MetaPlanet exposure, Coinbase's Brian Armstrong calls for $1M BTC by 2030 Swan Private helps HNWI, companies, trusts, and other entities go beyond legacy finance with BItcoin. Learn more at swan.com/private. Put Bitcoin into your IRA and own your future. Check out swan.com/ira.Swan Vault makes advanced Bitcoin security simple. Learn more at swan.com/vault.
Over the past few years, the anime industry has reached new heights on the global stage. Netflix reported that over half of its global viewers watch anime. And, certain anime titles will soon be streaming on Delta flights. On the show today, Anime News Networks' Egan Loo makes us smart about the rise of the anime and manga industries, the global dynamics of anime production, and how AI could change everything. Later, we'll get some advice on making a career change from a listener. And chess player-turned-economist Kenneth Rogoff answers the Make Me Smart question.Here's everything we talked about today:"Anime Is Booming. So Why Are Animators Living in Poverty?" from The New York Times"From Piracy Problems to Labor Shortages, the Anime Industry Is Facing a Reckoning" from Screen Rant"Thousands of Anime Titles Will Soon Be Streamable on Delta Flights" from Timeout"Sony's Crunchyroll Makes Layoffs as It Restructures to Lean Into International Growth Markets" from Variety"The Biggest Movie You Haven't Seen Is Finally Coming To US Theaters" from Inverse "How Korean webtoons are changing the comic industry—and the careers of creators" from Fast CompanyDon't miss Kimberly's anime recommendations in this week's Marketplace newsletter. Sign up at marketplace.org/subscribe.
Over the past few years, the anime industry has reached new heights on the global stage. Netflix reported that over half of its global viewers watch anime. And, certain anime titles will soon be streaming on Delta flights. On the show today, Anime News Networks' Egan Loo makes us smart about the rise of the anime and manga industries, the global dynamics of anime production, and how AI could change everything. Later, we'll get some advice on making a career change from a listener. And chess player-turned-economist Kenneth Rogoff answers the Make Me Smart question.Here's everything we talked about today:"Anime Is Booming. So Why Are Animators Living in Poverty?" from The New York Times"From Piracy Problems to Labor Shortages, the Anime Industry Is Facing a Reckoning" from Screen Rant"Thousands of Anime Titles Will Soon Be Streamable on Delta Flights" from Timeout"Sony's Crunchyroll Makes Layoffs as It Restructures to Lean Into International Growth Markets" from Variety"The Biggest Movie You Haven't Seen Is Finally Coming To US Theaters" from Inverse "How Korean webtoons are changing the comic industry—and the careers of creators" from Fast CompanyDon't miss Kimberly's anime recommendations in this week's Marketplace newsletter. Sign up at marketplace.org/subscribe.
Bitcoin may be breaking records again, but this time it's not because of retail frenzy. Search trends, social media chatter, and small-investor activity are all far quieter than they were in 2017 or 2021. The people driving this move aren't hobby traders—they're the biggest institutions and the wealthiest investors on the planet. Look at BlackRock. Larry Fink once dismissed Bitcoin as an “index of money laundering.” Now he's calling it “digital gold,” and his firm's iShares Bitcoin Trust (IBIT) has become the fastest-growing ETF in history. It's pulled in nearly $90 billion, representing more than 3% of all the Bitcoin that will ever exist. Those billions aren't coming from TikTok influencers—they're coming from pensions, hedge funds, and the kind of family offices that have multi-generational plans for capital preservation and growth. Even Harvard University has made the leap. Back in 2018, its star economist Kenneth Rogoff said Bitcoin was more likely to hit $100 than $100,000. Today, Harvard's endowment owns more of BlackRock's IBIT than it does Apple stock in its U.S. equity portfolio. That's not just a change of heart—it's a complete reversal in worldview. And of course, there's Michael Saylor, whose MicroStrategy now holds close to 3% of the total future Bitcoin supply, turning a business software company into a corporate Bitcoin vault. This is institutional FOMO. The biggest asset manager on Earth is selling it, elite universities are holding it, corporate treasuries are betting their future on it, and family offices are adding it to the same portfolios that hold their blue-chip stocks and trophy real estate. But institutions aren't the only ones making this move. There's another wave—quieter but just as significant—coming from the ultra-high-net-worth crowd. The centimillionaires. The people who can wire $10 million into a position without blinking. I've always said: never take financial advice from someone with less money than you. Well, Gary Cardone has a lot more than me—and he's all in on Bitcoin. Gary is part of what they call “smart money.” He's in the same camp as the other ultra-wealthy who aren't just dabbling in crypto—they're making conviction bets. And when you see people with that kind of capital and that kind of access all moving in the same direction, it's worth listening to why. That's exactly why I sat down with him—to hear, straight from someone in that rarefied circle, why Bitcoin has gone from a curiosity to a core holding.
Today, we're bringing you an episode from our fellow FT podcast, The Economics Show. The US dollar has been in slow decline for around a decade – so says Kenneth Rogoff, Harvard professor, and former chief economist of the IMF. Donald Trump's trade policies have raised a lot of questions about the future of the dollar – and how its decline could affect the rest of the world's currencies. Rogoff joins Martin Wolf to discuss how the decline of the dollar could empower China, capital flight from the US, and why cryptocurrency is a bigger threat to dollar hegemony than most people realise.Martin Wolf is chief economics commentator at the Financial Times. You can find his column here: https://www.ft.com/martin-wolf Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.Presented by Martin Wolf. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner. The FT's head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
In this episode of Unearthed, hosts John Reade and Joseph Cavatoni, Senior Market Strategists at the World Gold Council, are joined by Ken Rogoff, Professor of Economics at Harvard University and former Chief Economist of the IMF. Together, they explore the shifting dynamics of the global monetary system, the arc of US dollar dominance, and the growing interest in potential alternative reserve currencies, from the euro and yuan to gold and digital currencies. Rogoff shares insights from his latest book Our Dollar, Your Problem, reflecting on the role of luck in the dollar's ascent, the risks posed by US debt and political dysfunction, and what the next decade could hold for global reserves, inflation, and financial stability. Subscribe to Unearthed wherever you get your podcasts and visit Goldhub.com for more insights. Additional Resources: Kenneth Rogoff Our Dollar, Your Problem Notable Quotes: “There's no question [Nixon's] policies have shaken things up and had countries looking for other reserve assets in a hurry. And certainly gold has benefited enormously from that.” – Ken Rogoff “I think luck played a big role in how high the dollar got and how widespread its use and how it became the lingua franca of trade and finance to such a large extent.” – Ken Rogoff “If I look around the world at the other regions and centres [...] Europe's financial markets or capital markets are very fragmented. Japan's are obviously much smaller than they used to be. And China's look tremendously underdeveloped compared to the United States'. So there's going to have to be an awful lot of changes, I think, before we see the dollar's hegemony genuinely challenged.” – John Reade “It's pretty unlikely [to return to the gold standard], but that doesn't mean gold can't play an important monetary role. People sometimes say, you know, Bitcoin is the new gold. And I would say gold is the new gold.” – Ken Rogoff About World Gold Council We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn. Terms & Conditions | World Gold Council
ผู้เขียน Kenneth Rogoff โดยเนื้อหาของหนังสือมุ่งเน้นไปที่การสำรวจบทบาทของ เงินดอลลาร์สหรัฐในฐานะสกุลเงินหลักของโลก หนังสือเล่มนี้ได้ตรวจสอบ ความท้าทายในอดีต ที่เงินดอลลาร์ต้องเผชิญ รวมถึงสกุลเงินของ สหภาพโซเวียต ญี่ปุ่น และยูโร นอกจากนี้ยังวิเคราะห์ สถานะปัจจุบันของเงินหยวนของจีน ในฐานะคู่แข่งที่อาจเกิดขึ้น และหารือเกี่ยวกับ ประเด็นทางเศรษฐกิจและการเงินต่างๆ ที่ส่งผลต่อ สถานะการครอบงำ ของเงินดอลลาร์ รวมถึง อัตราเงินเฟ้อ หนี้สาธารณะ และผลกระทบของการตรึงอัตราแลกเปลี่ยน สรุปแล้ว หนังสือเล่มนี้พิจารณาว่า เงินดอลลาร์จะยังคงรักษาสถานะความเป็นเจ้าโลกได้หรือไม่ ท่ามกลางภูมิทัศน์ทางเศรษฐกิจโลกที่เปลี่ยนแปลงไป
In this week's episode, host Kristin Hayes talks with Danny Richter, director of the Pricing Carbon Initiative, about the existing suite of carbon pricing policies, a set of climate policy tools designed to reduce carbon dioxide emissions by requiring companies and other entities to pay for each ton of carbon dioxide they release into the atmosphere. Richter evaluates the international and domestic approaches to carbon pricing policies, explaining their history, uptake, and longevity. Richter highlights the flexibility of carbon pricing programs—which allows policymakers to tailor the sources and investment of revenues from carbon pricing to their unique policy priorities—as key to the long-term success of these programs. Richter then outlines shifting attitudes toward carbon pricing in the United States, highlighting how successful cap-and-invest initiatives emphasize the economic advantages of these policies while delivering climate benefits. References and recommendations: Pricing Carbon Initiative; https://pricingcarbon.org/ “Fourth Generation Carbon Prices” by Danny Richter; https://pricingcarbon.org/2024/11/fourth-generation-carbon-prices/ “Reserved: Carbon Pricing and the Dollar's Special Status” by Danny Richter; https://pricingcarbon.org/2025/04/reserved-carbon-pricing-and-the-dollars-special-status/ Carbon Pricing Dashboard from the World Bank; https://carbonpricingdashboard.worldbank.org/ “How Carbon Border Adjustments Might Drive Global Climate Policy Momentum” by Kimberly Clausing, Milan Elkerbout, Katarina Nehrkorn, and Catherine Wolfram; https://www.rff.org/publications/reports/how-carbon-border-adjustments-might-drive-global-climate-policy-momentum/ “Our Dollar, Your Problem” by Kenneth Rogoff; https://yalebooks.yale.edu/book/9780300275315/our-dollar-your-problem/
La Fundación Rafael del Pino organizó el 9 de junio de 2025, el diálogo «Pasado, presente e ¿incierto futuro? en el reinado del dólar en el mundo» en el que intervinieron Kenneth Rogoff y Joaquín Artés.
La Fundación Rafael del Pino organizó el 9 de junio de 2025, el diálogo «Pasado, presente e ¿incierto futuro? en el reinado del dólar en el mundo» en el que intervinieron Kenneth Rogoff y Joaquín Artés.
Plötsligt bryr sig Donald Trump om dollarns position som världens reservvaluta. Att landet dragit oerhörd nytta av att världens bankvalv är fyllda med amerikansk statsskuld blir allt viktigare, och att förlora dollarns privilegium vore att likställa med att förlora ett krig. Men med en ny "big beautiful bill" på väg genom senaten, ett Kina som utmanare och en nyfunnen entusiasm för Bitcoin höjs nu röster om att dollarns tid kanske är över. Hur ser en post dollar-värld ut? Före detta IMF-toppen Kenneth Rogoff har svaret.
Kenneth Rogoff is professor of economics at Harvard University and former International Monetary Fund (IMF) chief economist. In his most recent book, "Our Dollar, Your Problem," he argues that America's currency might have reached today's lofty pinnacle without a certain amount of good luck. However, as Professor Rogoff nears the end of his 345-page book, he writes, quote: "If rapidly rising debt is left unchecked, and there seems to be little political appetite to rein in massive deficits, the United States and the entire world is in for a substantial period of global financial volatility marked by higher average real interest rates and inflation." Learn more about your ad choices. Visit megaphone.fm/adchoices
Kenneth Rogoff is professor of economics at Harvard University and former International Monetary Fund (IMF) chief economist. In his most recent book, "Our Dollar, Your Problem," he argues that America's currency might have reached today's lofty pinnacle without a certain amount of good luck. However, as Professor Rogoff nears the end of his 345-page book, he writes, quote: "If rapidly rising debt is left unchecked, and there seems to be little political appetite to rein in massive deficits, the United States and the entire world is in for a substantial period of global financial volatility marked by higher average real interest rates and inflation." Learn more about your ad choices. Visit megaphone.fm/adchoices
The Capitalism and Freedom in the Twenty-First Century Podcast
Jon Hartley and Kenneth Rogoff discuss Ken's career as an academic economist, his time in international economic policy, rising sovereign debt burdens, monetary policy, the legacy of quantitative easing, exchange rate theories, tariffs, and the US dollar's status as the world reserve currency. Recorded on May 12, 2025. ABOUT THE SPEAKERS: Kenneth Rogoff is Thomas D. Cabot Professor at Harvard University. From 2001-2003, Rogoff served as Chief Economist at the International Monetary Fund. His 2009 book with Carmen Reinhart, This Time is Different: Eight Centuries of Financial Folly, has been very widely cited by academics, policymakers, and journalists. One regularity that Reinhart and Rogoff illustrate is the remarkable quantitative similarities across time and countries in the run-up and the aftermath of severe financial crises. In general, they show that for financial crises, the differences between emerging markets and advanced countries are far less pronounced than previously believed. Rogoff is also known for his seminal work on exchange rates and on central bank independence. His treatise, Foundations of International Macroeconomics (joint with Maurice Obstfeld), is the standard graduate text in the field worldwide. His monthly syndicated column on global economic issues is published in over 50 countries. He serves on the Economic Advisory Panel of the New York Federal Reserve. He is a member of the Council on Foreign Relations. Rogoff is an elected member of the National Academy of Sciences, the American Academy of Arts and Sciences, and the Group of Thirty. Rogoff is among the top ten on RePEc's ranking of economists by scholarly citations. He is also an international grandmaster of chess. Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Research Fellow at the UT-Austin Civitas Institute, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon is also the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami. Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star, among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper. ABOUT THE SERIES: Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information, visit: capitalismandfreedom.substack.com/
Things aren't looking so good for the U.S. dollar. Though it's spent decades as the world's reigning reserve currency, it's been weakening lately thanks to tariffs and uncertainty in the U.S. economy.But its declining value, has been in the making for a while, according to Harvard economist and author of the new book, “Our Dollar, Your Problem,” Kenneth Rogoff. “The problem we're facing is that, independent of this dollar phenomenon, interest rates are going up,” said Rogoff. “And if you're the world's biggest debtor, that's tough.”Rogoff joins Kai and Kimberly to unpack how the greenback became the world's go-to currency, what a reserve currency actually is, why it's been losing some of its value lately and what might take its place. Plus, how does military power tie into all this? We'll also get into some potential cryptocurrency regulation coming down the pipeline and discuss the troubling parallel between Trumpism and Brexit. Then, you tell us what books help you reset – from classic literary romances to an apocalyptic sci-fi tale. And, our intern, Zoha Malik (hi!) shares her answer to the Make Me Smart question. Here's everything we talked about today:“Our Dollar, Your Problem,” by Kenneth Rogoff from Yale University Press“How Trump Could Dethrone the Dollar” from Foreign Affairs“Why Is The US Dollar Weakening? Trump's Tariffs Push Dollar Index To 3-Year Low.” from Forbes“Senate advances landmark crypto bill with Democrats divided” from Politico“Senate Advances Crypto Regulation Bill With Bipartisan Support” from The New York Times“Senate advances a major crypto regulation bill on a bipartisan vote” from NBC News“Brexit's Failures Could Foreshadow Trump's. Just Not in the Way You Might Think.” from The New York TimesGot a question or comment for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
Things aren't looking so good for the U.S. dollar. Though it's spent decades as the world's reigning reserve currency, it's been weakening lately thanks to tariffs and uncertainty in the U.S. economy.But its declining value, has been in the making for a while, according to Harvard economist and author of the new book, “Our Dollar, Your Problem,” Kenneth Rogoff. “The problem we're facing is that, independent of this dollar phenomenon, interest rates are going up,” said Rogoff. “And if you're the world's biggest debtor, that's tough.”Rogoff joins Kai and Kimberly to unpack how the greenback became the world's go-to currency, what a reserve currency actually is, why it's been losing some of its value lately and what might take its place. Plus, how does military power tie into all this? We'll also get into some potential cryptocurrency regulation coming down the pipeline and discuss the troubling parallel between Trumpism and Brexit. Then, you tell us what books help you reset – from classic literary romances to an apocalyptic sci-fi tale. And, our intern, Zoha Malik (hi!) shares her answer to the Make Me Smart question. Here's everything we talked about today:“Our Dollar, Your Problem,” by Kenneth Rogoff from Yale University Press“How Trump Could Dethrone the Dollar” from Foreign Affairs“Why Is The US Dollar Weakening? Trump's Tariffs Push Dollar Index To 3-Year Low.” from Forbes“Senate advances landmark crypto bill with Democrats divided” from Politico“Senate Advances Crypto Regulation Bill With Bipartisan Support” from The New York Times“Senate advances a major crypto regulation bill on a bipartisan vote” from NBC News“Brexit's Failures Could Foreshadow Trump's. Just Not in the Way You Might Think.” from The New York TimesGot a question or comment for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
“Los primeros textos escritos de los que se tiene constancia son apuntes contables. Los primeros textos de la humanidad son sobre algo tan prosaico como una lista de ganado y de equipamiento agrícola encontrado en la ciudad de Uruk. Recogían las deudas de personas con otras personas y de personas con el complejo del templo. La escritura tardaría más de mil años en utilizarse para la narrativa.” Daniel acaba de publicar un libro sobre la historia del dinero y su fantástico vínculo con la escritura.Kapital es posible gracias a sus colaboradores:Indexa Capital. Gestión pasiva en fondos indexados.No es fácil encontrar un lugar seguro para tu dinero. En un mercado lleno de productos tramposos, me gusta colaborar o poner el micro a los pocos gestores, pasivos o activos, con una propuesta honesta. La fortaleza de Indexa Capital, que entraría dentro de la gestión pasiva, es una cartera de bajo coste y diversificada. Dos de sus fundadores, Unai y François, han pasado por el podcast. Si te interesa, aquí tienes mi enlace de registro para ahorrarte la comisión sobre los primeros 15.000 euros. Son tiempos inciertos en los mercados y esto significa que debes buscar opciones serias para tu dinero. Indexa Capital es sin duda una de ellas.Patrocina Kapital. Toda la información en este link.Índice:1:30 No hemos conocido dinero sano.19:46 Edificios feos en monedas débiles.32:29 La edad de oro de la seguridad.42:21 Los mercados no atacan, se defienden.59:41 El origen del dinero es el origen de la escritura.1:09:59 Número de Dunbar.1:20:00 El palacio fagocita al templo.1:31:02 Planes de guerra de Gilgamesh.1:37:22 Operación Bernhard.1:53:13 El dinero según William Stanley Jevons.2:02:01 Las piedras Rai.2:04:41 Expropiaciones de reyes ingleses.2:24:41 Esté preparado cuando vengan a por ti.2:31:03 De la bulla al bitcoin.Apuntes:Dinero: Un viaje desde Mesopotamia hasta el Bitcoin. Daniel Fernández.Epopeya de Gilgamesh. Andrew George.This time is different. Carmen Reinhart & Kenneth Rogoff.El mundo de ayer. Stefan Zweig.El patrón bitcoin. Saifedean Ammous.Antifrágil. Nassim Nicholas Taleb.La teoría de la economía política. William Stanley Jevons.
Dr. Kenneth Rogoff has undoubtedly had one of the highest-profile and most interesting careers of any Grandmaster working outside of chess. He is an author and Harvard professor who was once singled-out by none other than Bobby Fischer, as a player who had shown remarkable chess improvement. As a young chess star, Dr. Rogoff actually dropped out of high school to move to Europe and pursue chess professionally, but by age 18 he had returned to the U.S. and enrolled at Yale. He would remain active in chess for many more years, but his top priority gradually switched from chess to academics, and he eventually quit chess entirely (save for an exhibition game against Magnus Carlsen in 2012) Dr. Rogoff still loves chess and thinks about it all the time, but economics turned out to be the right decision for him, as he has become a distinguished professor who has worked as the Chief Economist at the World Bank, and has met 8 different U.S. Presidents in his life. His new book, Our Dollar, Your Problem,intersperses occasional lessons from his chess career while providing a modern history of the U.S. dollar as the reserve currency. This interview focuses primarily on Dr. Rogoff's chess career, but those interested in his reflections on the global economy should stay tuned until the end of the interview, and should definitely check out his new book. Timestamps of topics discussed are below. Recorded on April 3, 2025. 0:02- We dive into GM Rogoff's chess upbringing, and his interactions with Bobby Fischer Mentioned: NM Eric Marchand, IM Sal Matera , GM Rogoff's chess biography: https://rogoff.scholars.harvard.edu//pages/biography Bobby Fischer article mentioning GM Rogoff: https://rogoff.scholars.harvard.edu/sites/g/files/omnuum5901/files/rogoff/files/fischer69.pdf Karpov-Ulf Andersson 1969 ADD IMAGE https://www.chessgames.com/perl/chessgame?gid=1019420 11:00- How did Dr. Rogoff gain hundreds of rating points in his early teens? 21:00- Was it hard to switch from the meritocratic chess world to academia? 25:00- What led to Dr. Rogoff dropping out of high school at age 16 to pursue chess? What was life like as an American teenager living alone in Europe in 1969? Mentioned: Muppets in Moscow by Natasha Rogoff 26:00- Thanks to our sponsor, Chessable.com! If you sign up for Chessable Pro in order to unlock discounts and additional features, be sure to use the following link: https://www.chessable.com/pro/?utm_source=affiliate&utm_medium=benjohnson&utm_campaign=pro And you can check out their new offerings here: https://www.chessable.com/courses/all/new/ 32:30- Why did Dr. Rogoff make a U-turn and go to Yale University after dropping out of high school? 34:00- Patreon mailbag question: Does Dr. Rogoff ever daydream about what a professional chess life might have looked like? 37:00- Why did Dr. Rogoff quit chess “Cold turkey”? Mentioned: Carlsen-Rogoff 2012 https://www.chessgames.com/perl/chessgame?gid=1690691 40:00- Does Dr. Rogoff have a favorite chess memory? Who were his favorite players? Mentioned: Kasparov, Peter Thiel, Arkady Dvorkovich ,Reshevsky-Rogoff 1978, IM Kim Commons, Lev Aronian Larsen-Rogoff 1968 Fischer-Spassky 1975 53:00- What is the origin of the phrase “Our Dollar, Your Problem”? (The title of Dr. Rogoff's new book 58:00- What can regular people do to prepare for volatile markets? 1:00:00- Patreon mailbag question: Is the US debt load sustainable? What does Dr. Rogoff think of Ray Dalio's writing? 1:05:00- Dr. Rogoff has met 8 presidents and many more world leaders- do any experiences stand out? 1:08:00- What does Dr. Rogoff think of the future of crypto-currencies? Mentioned: Sapiens by Yuval Noah Harari Thanks to Dr. Rogoff for joining me! You can get his new book here. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Learn more about your ad choices. Visit podcastchoices.com/adchoices
The US dollar has been in slow decline for around a decade – so says Kenneth Rogoff, Harvard professor, and former chief economist of the IMF. Donald Trump's trade policies have raised a lot of questions about the future of the dollar – and how its decline could affect the rest of the world's currencies. Rogoff joins Martin Wolf to discuss how the decline of the dollar could empower China, capital flight from the US, and why cryptocurrency is a bigger threat to dollar hegemony than most people realise.Martin Wolf is chief economics commentator at the Financial Times. You can find his column here: https://www.ft.com/martin-wolf Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen. Presented by Martin Wolf. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner. The FT's head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The U.S. dollar is the lingua franca of the global financial system. The fact that so much of the world relies on our currency has long been understood as our exorbitant privilege — the reason we have so much leverage in the global economy and are able to borrow at lower interest rates.But the Trump administration has a much more complicated relationship with the dollar. It has come to see dollar dominance as a burden we bear on behalf of the rest of the world. But in its attempts to move away from dollar dominance, is the Trump administration on the verge of creating a financial crisis?Kenneth Rogoff is a former chief economist at the International Monetary Fund and a professor of economics at Harvard University. He has a book coming out called “Our Dollar, Your Problem.” In this conversation he walks through the history of dollar dominance, why it's been waning in recent years and what ripple effects the Trump administration's policies might have.This episode contains strong language.Book Recommendations:Muppets in Moscow by Natasha Lance RogoffThe Queen's Gambit by Walter TevisBenjamin Franklin by Walter IsaacsonThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.htmlThis episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our executive producer is Claire Gordon. The show's production team also includes Marie Cascione, Annie Galvin, Elias Isquith, Marina King, Jan Kobal, Kristin Lin and Jack McCordick. Original music by Pat McCusker. Audience strategy by Kristina Samulewski and Shannon Busta. The director of New York Times Opinion Audio is Annie-Rose Strasser. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.
Kenneth Rogoff is Maurits C. Boas Professor at Harvard University, and former chief economist at the IMF. He has long ranked among the top dozen most cited economists and is an international grandmaster of chess. His influential 2009 book with Carmen Reinhart, This Time Is Different: Eight Centuries of Financial Folly, shows the remarkable quantitative similarities across time and countries in the roots and aftermath of debt and financial crises. Rogoff is also known for his pioneering work on central bank independence, and on exchange rates. He is co-author of the widely used graduate text, Foundations of International Macroeconomics. Ken's latest book is Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance and the Road Ahead. In this podcast we discuss Rogoff's early life and background as a chess prodigy, Yale, MIT and mentors like Rudy Dornbusch and Stan Fischer, Rogoff's groundbreaking paper on central bank independence, and much more. Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive
Conversations with Tyler: Read the notes at at podcastnotes.org. Don't forget to subscribe for free to our newsletter, the top 10 ideas of the week, every Monday --------- Harvard economist Kenneth Rogoff approaches global finance with the same strategic foresight that made him a chess grandmaster. Author of the new book Our Dollar, Your Problem, Rogoff doesn't sugarcoat America's future: he foresees a significant inflation shock within a decade, far more severe than the post-COVID bout. When this second wave hits, he warns, "credibility's really going to be shot." In this conversation, Ken and Tyler tackle international economic dynamics, unresolved macro puzzles, the state of chess, and more, including whether trade deficits are truly unsustainable, why China's investment-heavy growth model has reached its limits, how currency depreciation neutralizes tariff effects, Pakistan's IMF bailouts, whether more Latin American countries should dollarize, Japan's deceptively peaceful economic decline, Europe's coming fiscal reckoning, how the US will eventually confront its ballooning debt, the puzzling absence of a recession during our recent disinflation, the potential of phasing out large denomination currency notes, the future relevance of stablecoins, whether America should start a CBDC, Argentina's chances under Milei, who will be the next dominant player in chess, hanging out with Bobby Fischer, drawing out against Magnus Carlsen, and how to save classical chess from excessive computer preparation. Read a full transcript enhanced with helpful links, or watch the full video. Recorded April 2nd, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Kenneth on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.
Conversations with Tyler Key Takeaways “Looking way forward, we are on an unsustainable path.” – Kenneth Rogoff on the US fiscal situation The debt continues to balloon and another inflationary impulse is on the horizon Higher taxation is likely as a means to manage the deficit Japan has been effective at becoming sclerotic slowly, but their economic model is not worth imitating – especially if you are trying to compete with China Japan could be in serious trouble: It is finally experiencing inflation, needing to raise interest rates, has stuffed government debt into every orifice of its economy, and cutting old-age benefits to pay its growing interest expense“I think this is absolutely an existential crisis for Europe. It may lead to them becoming more cohesive. It may lead to them becoming more of a geopolitical power, but yes, they are going to have to make choices that they haven't had to make.” – Kenneth Rogoff on the economic situation in Europe The US brain drain of Europe's top talent contributes to Europe's slow economic growthSuddenly, the United States spends more on interest expense than it does on defense spendingThe fact that real interest rates appear to have regressed to their long-term trend is the most important macro change in the world The US should not be the first nation to implement a CBDC, if it ultimately chooses to do soWhy change the rules of the game if we are on top and winning? The US is so big that we are probably headed towards having competitive stable coins instead of a single CBDC Bet on mean reversion: For many variables, it's wise to assume they'll eventually drift back toward their average – it's a useful principle to keep in mindThe predictability of political business cycles: Those in power ignore the debt, the problem grows, and we end up exactly where we are nowChoosing the optimal inflation rate is one of the greatest macro puzzles – should it be 0%, 2%, 4%, or something else? China has dug itself in a very deep hole that will be difficult to dig out of: Innovation is required for a successful economy; just growing by building more roads and infrastructure will result in diminishing returns Read the full notes @ podcastnotes.org Harvard economist Kenneth Rogoff approaches global finance with the same strategic foresight that made him a chess grandmaster. Author of the new book Our Dollar, Your Problem, Rogoff doesn't sugarcoat America's future: he foresees a significant inflation shock within a decade, far more severe than the post-COVID bout. When this second wave hits, he warns, "credibility's really going to be shot." In this conversation, Ken and Tyler tackle international economic dynamics, unresolved macro puzzles, the state of chess, and more, including whether trade deficits are truly unsustainable, why China's investment-heavy growth model has reached its limits, how currency depreciation neutralizes tariff effects, Pakistan's IMF bailouts, whether more Latin American countries should dollarize, Japan's deceptively peaceful economic decline, Europe's coming fiscal reckoning, how the US will eventually confront its ballooning debt, the puzzling absence of a recession during our recent disinflation, the potential of phasing out large denomination currency notes, the future relevance of stablecoins, whether America should start a CBDC, Argentina's chances under Milei, who will be the next dominant player in chess, hanging out with Bobby Fischer, drawing out against Magnus Carlsen, and how to save classical chess from excessive computer preparation. Read a full transcript enhanced with helpful links, or watch the full video. Recorded April 2nd, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Kenneth on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.
Harvard economist Kenneth Rogoff approaches global finance with the same strategic foresight that made him a chess grandmaster. Author of the new book Our Dollar, Your Problem, Rogoff doesn't sugarcoat America's future: he foresees a significant inflation shock within a decade, far more severe than the post-COVID bout. When this second wave hits, he warns, "credibility's really going to be shot." In this conversation, Ken and Tyler tackle international economic dynamics, unresolved macro puzzles, the state of chess, and more, including whether trade deficits are truly unsustainable, why China's investment-heavy growth model has reached its limits, how currency depreciation neutralizes tariff effects, Pakistan's IMF bailouts, whether more Latin American countries should dollarize, Japan's deceptively peaceful economic decline, Europe's coming fiscal reckoning, how the US will eventually confront its ballooning debt, the puzzling absence of a recession during our recent disinflation, the potential of phasing out large denomination currency notes, the future relevance of stablecoins, whether America should start a CBDC, Argentina's chances under Milei, who will be the next dominant player in chess, hanging out with Bobby Fischer, drawing out against Magnus Carlsen, and how to save classical chess from excessive computer preparation. Read a full transcript enhanced with helpful links, or watch the full video. Recorded April 2nd, 2025. Help keep the show ad free by donating today! Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Kenneth on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.
What if the most dangerous thing in the global economy isn't a shock — but the quiet collapse of the frameworks we still rely on?In this rare, unfiltered conversation, Kenneth Rogoff — Harvard professor and former IMF Chief Economist — joins Kevin Coldiron to confront the reality that's too uncomfortable for most policymakers to admit:The world has changed. The models haven't.Rogoff explores what happens when inflation refuses to respond, debt compounds beneath the surface, AI reshapes productivity, and geopolitics redraws the map — while central banks keep playing by yesterday's rules.This isn't a call for panic. It's a call for intellectual honesty.Because in a world where the past no longer explains the present, clarity is the only edge that matters.If you manage capital — or ideas — in a world built on assumptions, this episode is for you.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow Kenneth on X and read his book.Episode TimeStamps: 02:01 - Introduction to Kenneth Rogoff03:04 - What is at stake if the dollar loses its...
On this TCAF Tuesday, Downtown Josh Brown sits down with Kenneth Rogoff, an economist, Harvard economics professor, and chess grandmaster, to discuss his new book "Our Dollar, Your Problem". They also dive into the current trade war, the dollars dominance, Bitcoin, an independent Federal Reserve and much more! Then at 57:16 hear an all-new episode of What Are Your Thoughts with Josh Brown and Michael Batnick! This episode is sponsored by Betterment Advisor Solutions and Rocket Money! To learn more about Betterment, visit http://Betterment.com/advisors Cancel your unwanted subscriptions today by visiting: http://rocketmoney.com/compound Sign up for The Compound Newsletter and never miss out! Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ TikTok: https://www.tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices
We've curated a special 10-minute version of the podcast for those in a hurry. Here you can listen to the full episode: https://podcasts.apple.com/no/podcast/kenneth-rogoff-tariff-impacts-the-dollars-future/id1614211565?i=1000704545192&l=nbWhat challenges lie ahead for the global economy in an era of rising tariffs and geopolitical tension? In this episode, Nicolai Tangen speaks with Kenneth Rogoff, renowned economist and co-author of the seminal book "This Time Is Different," about the shifting economic landscape. They discuss the potential impacts of Trump's tariff policies, the future of US dollar dominance, and why inflation might make an unexpected comeback. Kenneth shares his chess-player's perspective on navigating trade negotiations and offers contrarian views on China's growth trajectory and technological disruption. Tune in for a thought-provoking discussion on our financial future!In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New full episodes every Wednesday, and don't miss our Highlight episodes every Friday.The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen, Sebastian Langvik-Hansen and Pål Huuse. Background research was conducted by Torgeir Rimstad.Watch the episode on YouTube: Norges Bank Investment Management - YouTubeWant to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedInFollow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedInFollow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram Hosted on Acast. See acast.com/privacy for more information.
What challenges lie ahead for the global economy in an era of rising tariffs and geopolitical tension? In this episode, Nicolai Tangen speaks with Kenneth Rogoff, renowned economist and co-author of the seminal book "This Time Is Different," about the shifting economic landscape. They discuss the potential impacts of Trump's tariff policies, the future of US dollar dominance, and why inflation might make an unexpected comeback. Kenneth shares his chess-player's perspective on navigating trade negotiations and offers contrarian views on China's growth trajectory and technological disruption. Tune in for a thought-provoking discussion on our financial future!In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New full episodes every Wednesday, and don't miss our Highlight episodes every Friday.The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen, Sebastian Langvik-Hansen and Pål Huuse. Background research was conducted by Torgeir Rimstad.Watch the episode on YouTube: Norges Bank Investment Management - YouTubeWant to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedInFollow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedInFollow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram Hosted on Acast. See acast.com/privacy for more information.
Kenneth Rogoff is Maurits C. Boas Professor at Harvard University, and former chief economist at the IMF. His influential 2009 book with Carmen Reinhart, This Time Is Different: Eight Centuries of Financial Folly, shows the remarkable quantitative similarities across time and countries in the roots and aftermath of debt and financial crises. Rogoff is also known for his pioneering work on central bank independence, and on exchange rates. He is co-author of the widely-used graduate text, Foundations of International Macroeconomics. His 2016 book The Curse of Cash looks at the past, present and future of currency from standardized coinage to crypto-currencies. His monthly syndicated column on global economic issues is published in over 50 countries. Rogoff's 2025 book Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance and the Road Ahead offers a sweeping view of the post-war rise of the dollar, the challenges the rest of the world has in dealing with it, and how this experience can help inform the contours of the evolving new global financial system. Rogoff is an elected member of the National Academy of Sciences and the American Academy of Arts and Sciences. He has long ranked among the top dozen most cited economists, and is an international grandmaster of chess.Leoš Rousek, the Head Of Corporate Communications at PPF Group (https://www.ppf.eu/en) and contributor of PFI Talks, talked with Kenneth Rogoff.
Amid the shocks created by Trump's tariff policies, are we also seeing a kind of American economic self-harm – which threatens the long-standing dominance of the US dollar? Gavin Esler talks to Harvard Professor of Economics and former International Monetary Fund chief economist Kenneth Rogoff, whose new book Our Dollar, Your Problem looks at the rise of the US currency and shows why its future is far from assured. • This episode of This Is Not A Drill is supported by Incogni, the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There's a special offer for This Is Not A Drill listeners – go to https://incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Buy Our Dollar, Your Problem through our affiliate bookshop and you'll help fund This is Not a Drill by earning us a small commission for every sale. Bookshop.org's fees help support independent bookshops too. Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com. Executive Producer Martin Bojtos. Group Editor Andrew Harrison. Managing Editor, Jacob Jarvis. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices
Die Ampel ist tot. Und nicht der Gärtner, sondern die Schuldenbremse wars. Was zur Hölle ist das eigentlich für ein Instrument und woher stammt die Idee von so einer Schuldenobergrenze? Gregor und Marcus tauchen ab in eine der wichtigsten Eigenheiten der deutschen Politik.**********In dieser Folge:00:00:15 - Tatort Berlin – Wer hat die Ampel (wirklich) auf dem Gewissen?00:03:25 - Ein Stoppschild für neue Schulden00:07:05 - Wer hat's (warum) erfunden?00:10:55 - Eine deutsche Eigenheit00:17:35 - Fazit**********Die Quellen zur Folge:Haffer, Lukas: Die Schwarze Null. Über die Schattenseiten ausgeglichener Haushalte. Berlin, 2016: Suhrkamp. Reinart, Carmen and Kenneth Rogoff. Growth in a Time of Debt. 2010: American Economic Review 100 (2). S. 573 – 578. **********Weitere Beiträge zum Thema:Schuldenspur: Wie Staatsschulden per Auktion entstehenPilze - Zwischen Gemeingut und GoldgräberstimmungSilicon Saxony: So viel DDR steckt in der deutschen Chipindustrie**********Habt ihr auch manchmal einen WTF-Moment, wenn es um Wirtschaft und Finanzen geht? Wir freuen uns über eure Themenvorschläge und Feedback an whatthewirtschaft@deutschlandfunknova.de.**********Den Artikel zum Stück findet ihr hier.**********Ihr könnt uns auch auf diesen Kanälen folgen: TikTok auf&ab , TikTok wie_geht und Instagram .
In this episode, Alan Dunne and I explore Mario Draghi's latest vision for Europe and discuss an insightful interview with Kenneth Rogoff, titled "We Will See More Spikes in Inflation," which covers key macroeconomic issues. We also explore the recent Goldman Sachs reports, highlighted by the Financial Times, showing significant outflows from multi-strategy funds. Alan shares his perspective on the current macro landscape and why he believes we may witness more “flash crashes and extreme market moves” in the near future. Finally, we dig into two articles by Cliff Asness—"The Less Efficient Market Hypothesis" and "In Praise of High-Volatility Alternatives"—which challenge traditional thinking on market efficiency and make a compelling case for considering higher volatility versions of strategies like Trend Following over their low-volatility cousins.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Episode TimeStamps:00:42 - What has caught our attention recently?05:04 - Draghi's vision for Europe08:09 - Keneth Rogoff's outlook for inflation14:02 - Clients withdrawing money from multi-strat funds19:58 - The big macro picture27:33 - Is monetary policy still loose?29:11 - Industry performance update (Finally!)34:11 - The carry unwind41:20 - Are people underestimating trend following?44:51 - Are markets becoming less efficient?48:30 - Why higher volatility funds may be good for your portfolio56:52
Harvard University Economics Professor Kenneth Rogoff discusses markets and US economic policy. He speaks with Bloomberg's Katie Greifeld and David Westin.See omnystudio.com/listener for privacy information.
On today's episode, Clay discusses various financial crises from the past as discussed in the book This Time is Different by Carmen Reinhart and Kenneth Rogoff. As the saying goes, from a historical perspective, there is nothing new except what is forgotten. Today's episode will help shed light on where our world might be heading in light of studying history. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 06:48 - The primary types of financial crises. 08:13 - When the debt levels of a country reach an unsustainable level. 27:00 - An overview of currency debasements and currency devaluations 27:24 - How countries tend to handle unsustainable debt levels 30:36 - An overview of the Great Financial Crisis. 47:32 - How the interests of governments and currency holders are at odds with each other. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Books mentioned: This Time is Different, Broken Money, The Price of Tomorrow Episode Mentioned: TIP587: Stock Market Crises & Bubbles w/ Brendan Hughes | YouTube Video. Related Episode: TIP574: Broken Money w/ Lyn Alden | YouTube Video. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial Meyka Fundrise Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
On this edition of Wall Street Week, Henry McVey, KKR Head of the Global Macro, Balance Sheet and Risk sees opportunity in India's growing consumption trend. Elizabeth Economy, Hoover Institution Senior Fellow tells us why China is eyeing technological innovation to achieve its ambitious growth targets. Peter Borish, Computer Trading Chairman and CEO says that Wall Street has a fatal attraction to the Fed's rate cuts, Michelle MacKay, Cushman & Wakefield CEO tells us why near-term distress in commercial real estate could lead to a long-term resolution, and Kenneth Rogoff, Harvard University Professor of Economics says that President Biden and Donald Trump are the two most protectionist presidents in a long time. See omnystudio.com/listener for privacy information.
Kenneth Rogoff is Maurits C. Boas Professor at Harvard University and former chief economist at the IMF. His influential 2009 book co-authored with Carmen Reinhart, “This Time Is Different: Eight Centuries of Financial Folly,” shows the quantitative similarities across time and countries in the roots and aftermath of debt and financial crises. His 2016 book “The Curse of Cash” explores the past, present, and future of currency. He has long ranked among the top dozen most cited economists, and is an international grandmaster of chess.
In the headlines edition of
The Federal Reserve raised interest rates again against the backdrop of troubles in the banking industry. The hikes are being blamed by some for weakening banks, but Fed policymakers stuck to their stance that higher rates are essential to bringing inflation under control. Kenneth Rogoff of Harvard University joined Amna Nawaz to discuss the decisions and the state of the economy. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders
Two U.S. banks collapsed in less than a week, while in Europe, Credit Suisse teetered on the brink of failure before Switzerland's central bank stepped in with a loan. Are there implications for Canada's banking sector? Matt Galloway talks to Eric Reguly, European bureau chief for The Globe and Mail; and Kenneth Rogoff, a professor of economics at Harvard University and former chief economist of the International Monetary Fund.
Ethan Ilzetzki is an associate professor of economics at the London School of Economics and a research fellow with the Center for Economic Policy Research. Ethan is also a returning guest to the show, and he rejoins David on Macro Musings to talk about the international implications of Fed Policy and the strong dollars as well as Ethan's thoughts on business cycle theory in light of the recent inflation surge. David and Ethan also discuss Ethan's takeaways from the UK crisis, how to evaluate and contextualize monetary policy shocks, the contemporary applications of the fiscal theory of the price level, and more. Transcript for the episode can be found here. Check out our new Macro Musings merch here, and use the promo code NGDP for 10% off! Ethan's Twitter: @ilzetzki Ethan's website Ethan's LSE profile David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Related Links: *UK Financial Crisis of 2022: Retrospective Diagnosis and Policy Recommendations* by Ethan Ilzetzki *Exchange Arrangements Entering the Twenty-First Century: Which Anchor Will Hold?* by Ethan Ilzetzki, Carmen Reinhart, and Kenneth Rogoff *Inflation as a Fiscal Limit* by Francesco Bianchi and Leonardo Melosi *The Global Financial Cycle* by Helene Rey and Silvia Miranda-Agrippino
The U.S. dollar is soaring against other currencies, adding to fears of a global financial meltdown. When that happened in 1985, governments took action. Could that happen today? Kenneth Rogoff and Jean-Claude Trichet join Kimberly Atkins Stohr.
Harvard economics professor and former IMF Chief Economist Ken Rogoff is one of the world's preeminent economic thinkers. Here he brilliantly dissects today's U.S. economy and bluntly explains what must happen to tame inflation and sustain growth – and the major role China may play. He is the co-author of This Time Is Different: Eight Centuries of Financial Folly.
The British pound has fallen to its lowest level against the US dollar since 1985, as a new Prime Minister takes office and investors flock to the safe-haven currency. We hear more from Kenneth Rogoff, former chief economist at the International Monetary Fund. Cineworld has filed for bankruptcy protection in the United States. The second largest cinema chain operator is struggling to rein in its massive debt. Wall Street Journal's Alexander Gladstone tells us more. Apple has launched its latest products, which include the iPhone 14 and the iPhone 14 Pro Max. What new features do these smartphones have and are they worth the upgrade? We ask Bobby Allyn, tech reporter for NPR. As Russia cuts gas supplies via the Nord Stream 1 pipeline to Germany, Berlin now relies on the highly-polluting coal to produce almost a third of its electricity. We talk to Thomas Matussek, a former German ambassador to the UK and adviser to Flint Global. The record of the priciest female footballer transfer has been broken: Barcelona has signed England international Keira Walsh from Manchester City on a three-year deal. We hear more from Andrea Ekblad is Rights Director - Women's Sports at DAZN. And we discuss the latest events in the markets with Susan Schmidt, head of US Equity at Exchange Capital Resources in Chicago.
The UK Prime Minister Boris Johnson has quit as leader of the Conservative party. It follows a series of ministerial resignations and will lead to the end of Mr Johnson's three year reign as the country's leader at a crucial time for the UK economy. We assess the reasons that have led to this point, get reaction from Europe and ask who will be next in Number 10 Downing Street? We look at what the Prime Minister's resignation may mean from a business perspective with Harvard University economics professor and former IMF chief economist, Kenneth Rogoff. Columbia University economist Cary Leahy gives us the lowdown on the US markets.
Michael Dooley is a chief economist for Figure Technologies and a 20-year veteran of the Federal Reserve System and the IMF. Michael is also a professor emeritus in the department of economics at the University of California, Santa Cruz, and he joins Macro Musings to talk about the international monetary system and the future of the dollar. Specifically, David and Michael also discuss the original and revised Bretton Woods systems, the Fed's role as a monetary superpower, and what this means for the US as a provider of safe and unsafe assets. Transcript for the episode can be found here. Michael's UC Santa Cruz profile Michael's NBER archive David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Related Links: *US Sanctions Reinforce the Dollar's Dominance* by Michael Dooley, David Folkerts-Landau, and Peter Garber *Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?* by Ethan Ilzetzki, Carmen Reinhart, and Kenneth Rogoff *Dilemma Not Trilemma: The Global Financial Cycle and Monetary Policy Independence* by Helene Rey *The Global Financial Cycle* by Helene Rey and Silvia Miranda-Agrippino