The Price of Time | Edward Chancellor & Joseph Wang
Edward Chancellor, distinguished investor, financial historian, and author, joins Forward Guidance to discuss his latest book \u201cThe Price of Time: The Real Story of Interest.\u201d Chancellor shares with host Jack Farley and Joseph Wang (\u201cFed Guy\u201d) how artificially low interest rates can distort markets and foment bubbles.\u201cThe Price of Time\u201d:\xa0https://www.amazon.com/Price-Time-Real-Story-Interest/dp/0802160069\n____\nFollow Edward Chancellor on Twitter\xa0https://twitter.com/chancellor_e?lang=en\nFollow Joseph Wang on Twitter\xa0https://twitter.com/FedGuy12\nFollow Jack Farley on Twitter\xa0https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter\xa0https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter\xa0https://twitter.com/Blockworks_Joseph Wang\u2019s YouTube channel:\xa0https://www.youtube.com/@Fedguy12/featured\nJoseph Wang\u2019s writings can be found at\xa0https://fedguy.com/\n____\nUse code GUIDANCE20 to get 20% off Permissionless 2023 in Austin:\nhttps://blockworks.co/event/permissionless-2023Research, news, data, governance and models \u2013 now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research\xa0https://www.blockworksresearch.com/\n____\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:\nhttps://rb.gy/5weeywMarket commentary, charts, degen trade ideas, governance updates, token performance, can\u2019t-miss-tweets and more. Subscribe to the Blockworks Research \u201cDaily Debrief\u201d Newsletter:\xa0https://rb.gy/feusos\n____\nTimecodes:\n(00:00) Introduction\n(00:31) How Ultra-Low Interest Rates Cause Asset Bubbles\n(11:03) The History Of The Gold Standard\n(18:54) Deflation Isn't Always Bad\n(30:06) Negative Interest Rates Are A Tax On Capital\n(37:17) Low-Rates Boost Venture Capital and Private Equity\n(45:27) I'm Fairly Dubious About Cryptos\n(46:44) Unicorns and Zombies\n(54:20) Elite Overproduction\n(57:39) How High Can Interest Rates Go?\n____\nDisclaimer: 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.