The US is on an unsustainable fiscal path where debt will continue to balloon, and within 5-7 years (sooner with current policy) a major inflation is likely to occur, which will reduce real debt but damage credibility; after that, markets will demand higher real interest rates making it hard to finance debt, forcing difficult choices primarily toward higher taxation rather than cutting spending.

forecastpending

Speaker

Kenneth Rogoff

Evidence Quote

I think we're going to have another big inflation, uh, soon, next 5 to seven years.

Source

Kenneth Rogoff on Monetary Moves, Fiscal Gambits, and Classical Chess | Conversations with TylerMercatus Center
Created: 8/11/2026, 7:10:38 AM

My Notes

Loading notes...