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

<p><a target="_blank" href="https://rogoff.scholars.harvard.edu/">Ken Rogoff</a> is the former chief economist of the IMF, a professor of Economics at Harvard, and author of the newly released <a target="_blank" href="https://www.amazon.com/Our-Dollar-Your-Problem-Turbulent/dp/0300275315">Our Dollar, Your Problem</a> and <a target="_blank" href="https://www.amazon.com/This-Time-Different-Centuries-Financial/dp/0691152640">This Time is Different</a>.</p><p>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).</p><p>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.</p><p>We also discuss the erosion of dollar dominance, why there will be a rebalancing toward foreign equities, h...