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171 - What Causes Bubbles? with Edward Chancellor - "The Price of Time"

Bankless

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The Everything Bubble: Low Rates and Speculative Mania

This chapter analyzes the consequences of maintaining artificially low interest rates and their role in creating the 'everything bubble.' It explores the dynamics of speculative bubbles, the influence of technology on trading behaviors, and the historical patterns of financial risk-taking. Through discussions of economic theory and practical examples, the chapter critiques how lax monetary policies distort investment expectations and contribute to cyclical market phenomena.

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