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Bankless

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

May 15, 2023
01:29:08

Podcast summary created with Snipd AI

Quick takeaways

  • Inflation acts as a modern-day debt jubilee eroding debt value over time.
  • Low interest rates influence speculative behaviors and everything bubble in markets.

Deep dives

Unnatural Interest Rates and Inflation as a Debt Jubilee

The podcast delves into the concept of interest rates and how maintaining low interest rates can lead to an unnatural environment. It highlights the idea that inflation can act as a modern-day debt jubilee, eroding the real value of debt over time.

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