{"id":23262,"date":"2026-10-22T14:14:16","date_gmt":"2026-10-22T14:14:16","guid":{"rendered":"https:\/\/lonecandle.com\/?p=23262"},"modified":"2026-10-22T14:14:16","modified_gmt":"2026-10-22T14:14:16","slug":"kenneth-rogoff-could-america-default-on-its-debt","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=23262","title":{"rendered":"Kenneth Rogoff: Could America Default on Its Debt?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Ask someone in a third world country to do some basic addition and they can do it pretty easily. Ask the average American, and they can&#8217;t. We&#8217;ve become dependent on calculators. AI may be like this for a much broader range of thinking and we risk turning ourselves into morons.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The China shock was actually quite minor compared to the size of the US population. Most lost jobs are due to automation, not China. Tariffs don&#8217;t solve this. Dumb tariffs, like Trump&#8217;s tariffs, make it worse.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Government debt is a drag on economic growth.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Kenneth Rogoff: A 30% Stock Market Crash Is Coming \u2014 Are We Ready?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/SsbLpW2blog?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Ask someone in a third world country to do some basic addition and they can do it pretty easily. Ask the average American, and they can&#8217;t. We&#8217;ve become dependent on calculators. AI may be like this for a much broader range of thinking and we risk turning ourselves into morons. <\/p>\n<p>The China shock was actually quite minor compared to the size of the US population. Most lost jobs are due to automation, not China. Tariffs don&#8217;t solve this. Dumb tariffs, like Trump&#8217;s tariffs, make it worse. <\/p>\n<p>Government debt is a drag on economic growth. <\/p>\n<p>https:\/\/www.youtube.com\/watch?v=SsbLpW2blog<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[1129,89,7,278,217,165,1193,290,279,495,2152,208,141],"class_list":["post-23262","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-ai","tag-china","tag-debt","tag-deficit","tag-economics","tag-economy","tag-government-spending","tag-imports","tag-spending","tag-stock-market","tag-stocks","tag-tariffs","tag-taxes"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/23262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23262"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/23262\/revisions"}],"predecessor-version":[{"id":23263,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/23262\/revisions\/23263"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}