In this interview podcast, Dwarkesh speaks with Ken Rogoff, a Harvard professor and former chief economist at the IMF, about his book "Our Dollar, Your Problem" and various economic issues. They discuss China's economic challenges, including over-investment in infrastructure and housing, the shift in leadership competence under Xi Jinping, and the need to rebalance saving, investment, and consumption. Rogoff shares his bearish outlook on China's economic growth compared to the US, and they explore potential monetary signs of China's preparations for a conflict, such as moving reserves into gold and developing independent payment mechanisms. The conversation shifts to Japan's financial crisis in the 1990s, the unsustainability of the US's fiscal position, and potential future economic scenarios, including inflation and austerity. Rogoff and Dwarkesh also touch on the impact of AGI on the economy, international diversification, and the exorbitant privilege of the US dollar.
