Paul Schmelzing

Economist Paul Schmelzing, who specializes in long-run trends in interest rates, dives deep into an 800-year decline in rates and its implications. He shares how historical events, from the end of feudalism to World War I, shaped capital markets and investment behaviors. Schmelzing highlights rising government interventions in banking crises, noting costs have surged dramatically. The conversation also touches on the impact of low interest rates on investments, driving trends toward alternatives like bitcoin. A fascinating blend of history and economics!