The Rise and Fall of John Law | 10min snip from We Study Billionaires

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TIP505: The Price of Time w/ Edward Chancellor

We Study Billionaires - The Investor’s Podcast Network

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CHAPTER

The Rise and Fall of John Law

This chapter explores the life of John Law, a Scottish economist whose radical ideas on money and banking transformed France's financial landscape. It chronicles his rise to prominence, the Mississippi bubble, and his eventual downfall, illustrating the dangers of unchecked financial speculation.

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IN THIS EPISODE YOU’LL LEARN:

01:08 - Why the interest rate is putting a price on time.
14:50 - Why John Law is the most extraordinary person in the history of finance.
19:00 - The history of the first experiment of easy money by a central bank.
35:36 - Why “2% return” has caused the issues we currently see and have caused multiple other booms and busts throughout time.
39:42 - What the natural level of interest rates are.
43:46 - Why irresponsible monetary policy has an impact on creative destruction and, in turn, productivity and wage growth.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Edward Chancellor’s book, The Price of Time – Read reviews of this book.
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