BN+: Kenneth Rogoff, "Our Dollar, Your Problem"
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Kenneth Rogoff is professor of economics at Harvard University and former International Monetary Fund (IMF) chief economist. In his most recent book, "Our Dollar, Your Problem," he argues that America's currency might have reached today's lofty pinnacle without a certain amount of good luck. However, as Professor Rogoff nears the end of his 345-page book, he writes, quote: "If rapidly rising debt is left unchecked, and there seems to be little political appetite to rein in massive deficits, the United States and the entire world is in for a substantial period of global financial volatility marked by higher average real interest rates and inflation."
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