John Law and the World's First Experiment With Easy Money | 4min snip from We Study Billionaires

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TIP505: The Price of Time w/ Edward Chancellor

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John Law and the World's First Experiment With Easy Money

John Law is an extraordinary figure in the history of finance/nHe conducted the world's first experiment with easy money/nGoldsmiths during his time were not just selling gold and silverware, but were also early bankers

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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.

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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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