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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

CHAPTER

The Inevitability of Low Interest Rates

John locke thought that there would be a profusion of bankersad it would be to their advantage, but not to m other people's. He thought that widows and orphanswod would suffer. And he thought that house prices would be affected. But as we've experiencedi since two thousand and eight at this periodyounow, ultra low interest rates have tremendously benefited certain parts of society. You know about it, but it was, you something about er.

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