forecast
US On Unsustainable Path, Inflation Coming
The US is on an unsustainable fiscal path with ballooning debt, and within the next five to seven years (maybe sooner) there will be another big inflation—cumulatively 20-25% over the 2% target, more than last time—that brings debt down, but markets will then demand higher interest rates, forcing real choices that point toward higher taxation since there is little to cut.
forecastpending
Speaker
Kenneth RogoffEvidence Quote
“Looking way forward, I would just say we’re on an unsustainable path. We will continue to have our debt balloon... I think we’re going to have another big inflation soon, next five to seven years, maybe sooner... I think in the United States, a lot of the choices, I’m sorry to say, probably point towards higher taxation because we’re hardly running a welfare state.”
Created: 6/13/2026, 3:28:48 AM
My Notes
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