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Hi, I'm Ravi Agrawal, Foreign Policy's editor Editor-in-Chief, this is FP Live.

So I'm traveling abroad this week and we're bringing you a discussion that aired live on our website earlier this month.

Traveling abroad is actually relevant here.

If you're an American and you've been abroad recently, you might have realized that

things are a bit more expensive than usual. And if you're one of our many international listeners

and you've visited America, you might have noticed that things are a bit cheaper. What's going on?

It is the dollar. The dollar is down 10% this year already, and analysts say it could drop another 10% or so in the next 18 months. Why? Well, there's a theory that the dollar's recent decline is less a symbol of the actual value of the dollar and more vote in the health of the U.S.

economy, a referendum on the direction of American fiscal policy.

And my guest this week writes in our latest print issue that while the dollar has been

understrain for many years, Trump's tariffs are rapidly accelerating its decline. But the question

then is, what would that actually mean for you and me? And what could possibly replace the dollar

as the world's reserve currency? Well, Ken Rogoff is a Harvard University professor, a former chief economist at the IMF,

and the author of the new book, Our Dollar, Your Problem,

An Insider's View of Seven Turbulent Decades of Global Finance and The Road Ahead,

...