Edward Chancellor, Author, Journalist and unrivaled Financial Historian, joins us today to discuss the history of Interest, based on his new book, \u201cThe Price of Time: The Real Story of Interest". We address why it is crucial to pay attention to the historical perspectives of the economy, the allocation of capital and interest and why low interest rates have a feedback effect on the economy, the zombie corporate phenomenon and the impact it has on the economy. We also discuss the longer term consequences of low interest rates and whether bubbles can be beneficial, globalization and how interest rates impacts the fragility of global supply chains, the role of Central Banks and how they affect price stabilization by preventing creative destruction. Lastly, we discuss how the Fed policy of \u201ccleaning up afterwards\u201d creates unintended problems, how a zero interest policy can pose a threat to capitalism and much more.
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Episode TimeStamps:
00:00 - Intro
02:19 - Introduction to Edward
04:19 - The process of writing his latest book
14:15 - Are we forgetting the economic...