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
____
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/
____
Use code GUIDANCE20 to get 20% off Permissionless 2023 in Austin:
https://blockworks.co/event/permissionless-2023Research, news, data, governance and models – 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 https://www.blockworksresearch.com/
____
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:
https://rb.gy/5weeywMarket commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos
____
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?
____
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.
