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Edward Chancellor: why interest is the force that holds everything in place

MoneyWeek Talks

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Central Bankers Don't Know What Interest Is

The problem with modern economics is that it's lost a sense of the richness of interest, o pervasiveness interest. And central bankers just don't think deeplyno, or haven't thought deeply enough about what interest is. So because they feared deflation over the last decade, they thought ot was fine to keep interest rates very low. But by keeping interestet, they and printing a lot of money over the coronovarus locktime period. And they have indeed unleashed the inflation that they were so eager to have.

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