Kenneth Rogoff is professor of economics at Harvard University and former International Monetary

Fund (IMF) chief economist. In his most recent book, "Our Dollar, YourProblem," he argues that America's currency might have reached today'slofty pinnacle without a certain amount of good luck. However, as ProfessorRogoff nears the end of his 345-page book, he writes, quote: "If rapidlyrising debt is left unchecked, and there seems to be little political appetiteto rein in massive deficits, the United States and the entire world is in for asubstantial period of global financial volatility marked by higher average real interest rates and inflation."

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