The Future of the Financial System

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The last big bubble that burst was the 1929 to mid 30s credit collapse. But after that, we had 40 or 50 years of growing oil production still ahead of us. This bubble, that is not the case with resources. So how do you see this all unfolding? Are we going to have hyperinflation or deflation? Will we switch from a 2009 situation of a too big to fail and find that we're going to be in a situation of too big to save like France or Japan"? What are your speculations on all that?

On this episode, financial historian Edward Chancellor joins Nate to give a meta-history of interest rates and human societies. With recent news of global financial turmoil in response to rising interest rates, taking a look at our history could help us interpret our present and plan for the future. How deeply entangled is this financial predicament that we’ve gotten ourselves into? Can we learn from the past to reshape a more stable monetary policy in the future, or are inflating financial bubbles (and popping them) simply in our human nature?

About Edward Chancellor:

Edward Chancellor is a financial historian, journalist, and investment strategist. He is the author of Devil Take Hindmost: A History of Financial Speculation and his latest book, The Price of Time, where he explains the story of capitalism is really the story of interest: the price that individuals, companies and nations pay to borrow money. He is currently a columnist for Reuters Breakingviews and a contributor to the Wall Street Journal, MoneyWeek, the New York Review of Books and Financial Times.

For Show Notes and More visit: https://www.thegreatsimplification.com/episode/67-edward-chancellor

To watch this video episode on Youtube → https://youtu.be/q5PWaYw6h5k