John Law - The First Manetris, the First Fiat Money Central Banker | 3min snip from We Study Billionaires

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TIP505: The Price of Time w/ Edward Chancellor

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John Law - The First Manetris, the First Fiat Money Central Banker

The guest's book has the best account on John Law that the interviewer has read/nJohn Law believed in the viability of his economic plans/nLaw was too ambitious and moved too quickly without attention to details/nSome biographers consider Law's scheme to be the most ambitious economic plan ever

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IN THIS EPISODE YOU’LL LEARN:

01:08 - Why the interest rate is putting a price on time.
14:50 - Why John Law is the most extraordinary person in the history of finance.
19:00 - The history of the first experiment of easy money by a central bank.
35:36 - Why “2% return” has caused the issues we currently see and have caused multiple other booms and busts throughout time.
39:42 - What the natural level of interest rates are.
43:46 - Why irresponsible monetary policy has an impact on creative destruction and, in turn, productivity and wage growth.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Edward Chancellor’s book, The Price of Time – Read reviews of this book.
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