Stimulating Economy through Higher Interest Rates

31sec Snip

00:00

Play full episode

Summary

Transcript

Episode notes

There is a theory suggesting that the increase in interest rates has led to households earning more from their short-term deposits and money market funds than the additional cost incurred due to higher interest rates. As a result, consumers have more money in their hands, stimulating the economy contrary to the conventional belief that higher interest rates hinder economic growth.

Scott takes a look at Tesla’s new shareholder vote and speaks with Charles Elson, Founding Director of the Weinberg Center for Corporate Governance at the University of Delaware, about the original ruling on Elon’s pay package and whether the superstar CEO will get his way this time around. Then Scott and Ed break down the latest big bank earnings and discuss “Basel III endgame,” a proposal for stricter capital requirements at banks following last year’s banking crisis.

Order "The Algebra of Wealth" out April 23rd

Subscribe to No Mercy / No Malice

Follow the podcast across socials @profgpod:

Learn more about your ad choices. Visit podcastchoices.com/adchoices