Kenneth Rogoff Archives - American Consequences

March 2020

1970s Era Wave of Inflation Coming

By Kenneth Rogoff It is too soon to predict the long-run arc of the coronavirus outbreak. But it is not too soon to recognize that the next global recession could be around the corner – and that it may look a lot...

Kenneth Rogoff

January 2020

Government Debt Is Not a Free Lunch

By Kenneth Rogoff With interest rates on government debt at multidecade lows, a number of leading economists have argued that almost every advanced economy can allow debt to drift up toward Japanese levels (over 150% of...

Kenneth Rogoff

December 2019

The High Stakes of the Coming Digital War

By Kenneth Rogoff Just as technology has disrupted media, politics, and business, it is on the verge of disrupting America’s ability to leverage faith in its currency to pursue its broader national interests. The real...

Kenneth Rogoff

April 2019

Modern Monetary Nonsense

By Kenneth Rogoff A number of leading progressive U.S. politicians advocate using the Federal Reserve’s balance sheet to fund expansive new government programs. Although their arguments have a grain of truth, they also...

Kenneth Rogoff