Edward Chancellor, distinguished investor, financial historian, and author, joins Forward Guidance to discuss his latest book “The Price of Time: The Real Story of Interest.” Chancellor shares with host Jack Farley and Joseph Wang (“Fed Guy”) how artificially low interest rates can distort markets and foment bubbles.“The Price of Time”: https://www.amazon.com/Price-Time-Real-Story-Interest/dp/0802160069
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Joseph Wang’s writings can be found at https://fedguy.com/
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Timecodes:
(00:00) Introduction
(00:31) How Ultra-Low Interest Rates Cause Asset Bubbles
(11:03) The History Of The Gold Standard
(18:54) Deflation Isn't Always Bad
(30:06) Negative Interest Rates Are A Tax On Capital
(37:17) Low-Rates Boost Venture Capital and Private Equity
(45:27) I'm Fairly Dubious About Cryptos
(46:44) Unicorns and Zombies
(54:20) Elite Overproduction
(57:39) How High Can Interest Rates Go?
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.