Open Book with Anthony Scaramucci What They’re Not Telling You About The Future of Money
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Aug 28, 2025 
Kenneth Rogoff, Maurits C. Boas Professor of Economics at Harvard and former IMF chief economist, shares profound insights into the future of money. He discusses how historical financial crises inform current economic challenges and the Federal Reserve’s complex role under political pressure. Rogoff also addresses the looming risks of government debt and inflation, the disparity in wealth perception due to rising asset values, and the historical performance of gold as a safe haven amid financial fragility. A riveting conversation for anyone curious about the economy!
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Early Fed Career And Chess Past
- Kenneth Rogoff recounts early career moments at the Federal Reserve and his accidental meeting with Paul Volcker.
- He also mentions being a youth professional chess player who represented the U.S. in world championships.
History Guards Against Complacency
- Rogoff emphasizes the importance of long-run history to avoid repeating policy mistakes.
- He warns that complacency about low interest rates and crises risks leads to fragile policymaking.
Fed Independence Is Not Guaranteed
- Rogoff argues central bank independence is fragile and politically contested.
- He notes recent Fed actions show it has bent to government pressure, which risks future instability.
