Josh Farley: "Money, Money, Money"
The Great Simplification with Nate Hagens
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How Long Has Inflation Been a Standard Expectation?
How long were there ever monetary regimes where there was very low interest rates, or no interest rates? I don't know a lot about that. Some societies had like, rules where you could charge ten % interest for seven years,. which means your paying back twice what you borrowed, essentially, and that was it. Other societies had jubilees periodically, were all that would be cancelled because a lot of these traditional societies understood that expediential growth can't continue. Now it's kind of built in. It's acted. Although for many years, i actually never taught my students about inflation, because we went about 20 years without really much worry about it.
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