The Price of Time | Edward Chancellor & Joseph Wang

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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Follow Edward Chancellor on Twitter https://twitter.com/chancellor_e?lang=en

Follow Joseph Wang on Twitter https://twitter.com/FedGuy12

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance

Follow Blockworks on Twitter https://twitter.com/Blockworks_Joseph Wang’s YouTube channel: https://www.youtube.com/@Fedguy12/featured

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.