Conversations with Tyler30 Apr 2025

Kenneth Rogoff on Monetary Moves, Fiscal Gambits, and Classical Chess

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.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(303)

Luis Garicano on Spain, Europe, and the Future of Work

Luis Garicano has one of the more unusual résumés in economics: trained at the University of Chicago Booth School under Gary Becker, Kevin Murphy, and Sherwin Rosen, he left academia for a stint as a ...

30 Sep 50min

Gita Gopinath on Trade, Currencies, and Economic Transformation

Gita Gopinath has spent the last several years inside the room where the world's monetary plumbing gets fixed — or doesn't. As first deputy managing director of the IMF and, before that, the Fund's ch...

23 Sep 55min

Annie Lowrey on the Time Tax, Fraud, and Rationing by Paperwork

Annie Lowrey's new book, The Time Tax, argues that the most regressive levy in American life is the hours each of us must spend on hold, in waiting rooms, and filling out forms a competent state would...

16 Sep 56min

Jared Diamond on Leaders, Luck, and Irreplaceability

Is leadership overrated? That's one simple reading of what Jared Diamond argues in his new book. Asked by Tyler to name the least replaceable leader in human history, Jared declines to name one — not ...

9 Sep 52min

Michael Moritz on Origin Stories, Exile, and Obsessive Curiosity

Michael Moritz has written books through every phase of his life: the first history of Apple and an account of Chrysler's near-death while he was a journalist at Time, a study of Alex Ferguson's Manch...

2 Sep 41min

Luke Burgis on Mimetic Desire, Catholicism, and the Age of Social Contagion

Luke Burgis left Wall Street after two years, founded a few successful companies in his twenties, then walked away to spend three years in a Roman seminary on the path to the priesthood. He now runs t...

19 Aug 52min

Daron Acemoglu on Liberalism, Automation, and the Educated Elite

Daron Acemoglu returns for his second appearance with a new book, What Happened to Liberal Democracy?, which Tyler reads as an attempt to redefine and revitalize liberalism for our times. Where Daron'...

12 Aug 55min

Julia Ioffe on Russian Women, Missing Men, and the Roots of Autocracy

Julia Ioffe left the USSR as a child and came back as an adult journalist to find that the confident, credentialed women she remembered from her Soviet childhood had largely been supplanted by those c...

5 Aug 55min