#53: Edward Chancellor On What History Can Teach Us About The True Cost Of Easy Money
Superinvestors and the Art of Worldly Wisdom
00:00
The Price of Time Is What Is Most Important
Finance is all about transactions across time. It's an intertemporal system. And if you don't have some too charge for time, the intertemporal coordination of a very complex system will cease to function. All our current economic and financial problems can be described as problems of inter inter temporal disequilibrium. That's i say, why we need a interest it's true that the thrust of the argument is is about easy money. But that's really only because we have been living through a particular period of extraordinarily easy money.
Transcript
Play full episode
