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Dwarkesh Podcast"China is digging out of a crisis. And America’s luck is wearing thin." — Ken Rogoff
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Episode Details
EPISODE INFO
- Released
- June 12, 2025
- Duration
- 1h 36m
- Channel
- Dwarkesh Podcast
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
Ken Rogoff, former chief economist of the IMF, 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 explains how China is trapped: in order to solve their current problems, they keep leaning on financial repression and state-directed investment, which only makes their problems 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! 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒
- Transcript: https://www.dwarkesh.com/p/ken-rogoff
- Apple Podcasts: https://podcasts.apple.com/us/podcast/dwarkesh-podcast/id1516093381?i=1000712621759
- Spotify: https://open.spotify.com/episode/2XPKYjWWL3wculkx5z6WiA?si=220a633569594e9b
𝐒𝐏𝐎𝐍𝐒𝐎𝐑𝐒
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SPEAKERS
Dwarkesh Patel
hostKen Rogoff
guest
EPISODE SUMMARY
In this episode of Dwarkesh Podcast, featuring Dwarkesh Patel and Ken Rogoff, "China is digging out of a crisis. And America’s luck is wearing thin." — Ken Rogoff explores Rogoff warns: China’s crisis deepens as America’s debt gamble grows Kenneth Rogoff argues that China has shifted from highly competent, technocratic leadership to a more centralized, loyalty-based regime, leaving it mired in a deep property-and-debt-driven crisis and overbuilt infrastructure, especially in weaker tier‑three cities.
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