Kenneth Rogoff - Professor of International Economics at Harvard University

Kenneth Rogoff is a professor of international economics at Harvard University and former chief economist of the International Monetary Fund. One of the world’s most influential economists, his work spans financial crises, central banking, and global currency systems. His latest book, Our Dollar, Your Problem, examines the future of U.S. financial dominance.

In this episode, Rogoff explains why the U.S. dollar’s global dominance—long a cornerstone of American power—may be gradually weakening. He breaks down how the dollar gives the U.S. enormous economic and geopolitical advantages, from lower borrowing costs to control over global financial flows, and why those advantages are now being challenged.

The conversation explores rising global debt, the risk of a future debt crisis, and why simply taxing the wealthy won’t solve the problem at scale. Rogoff also discusses the growing pressure on central bank independence, the disruptive potential of AI, and the risks posed by crypto and stablecoins to financial stability.

He offers a sobering but nuanced outlook: while the U.S. economy remains historically strong, long-term risks—from political dysfunction to global fragmentation—could reshape the financial system in ways policymakers are not fully prepared for.