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#53: Edward Chancellor On What History Can Teach Us About The True Cost Of Easy Money

Superinvestors and the Art of Worldly Wisdom

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The Unintended Consequences of a Monetary Policy

There are other things that are, i think, less obvious consequences of a monetary policy. I interviewed william white on this podcast a few years ago to discuss these. The book does a wonderful job of really analyzing each one of these. Very low interest rate encourages the investment in, in white elephant projects. Often encourages real estate booms. And china was said to have consumed more cement, between two thousand and nine and two thousand and 12 than the us. Over the course of the entire twentieth century.

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