The US greenback has been in gradual decline for round a decade – so says Kenneth Rogoff, Harvard professor, and former chief economist of the IMF. Donald Trump’s commerce insurance policies have raised loads of questions on the way forward for the greenback – and the way its decline might have an effect on the remainder of the world’s currencies. Rogoff joins Martin Wolf to debate how the decline of the greenback might empower China, capital flight from the US, and why cryptocurrency is an even bigger menace to greenback hegemony than most individuals realise.
Martin Wolf is chief economics commentator on the Monetary Instances. You’ll find his column right here: https://www.ft.com/martin-wolf
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Introduced by Martin Wolf. Produced by Mischa Frankl-Duval. Manuela Saragosa is the chief producer. Authentic music and sound design by Breen Turner. The FT’s head of audio is Cheryl Brumley.
