16min chapter

Making Money cover image

S5E6: The interest rate crisis has just begun - Financial historian Edward Chancellor

Making Money

CHAPTER

Rising Rates and Economic Disparity

This chapter analyzes the impact of rising interest rates on the economy, emphasizing the plight of 'zombie companies' and their contribution to stagnation. It discusses the widening inequality as asset owners benefit from low rates while others struggle, particularly focusing on the predatory nature of payday loans and exploitative practices faced by the less wealthy. The chapter critiques the financial system's inequities, drawing historical comparisons to highlight the consequences of distorted interest rates and the intertwining of finance and politics.

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