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

Edward Chancellor is a financial historian, journalist, and author of, "Devil Take the Hindmost: A History of Financial Speculation" and his latest, “The Price of Time: The Real Story of Interest”

The two books link together the history of money and finance, and human culture. 

In today’s episode we explore the ways in which money and finance is embedded deeper in our lives than we may have previously thought. 

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✨ DEBRIEF | Unpacking the episode: 
https://www.bankless.com/debrief-edward-chancellor 
 
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We’re living in the era of Central Banker Capitalism, low interest rates and everything bubbles. Is this a new era? What does history tell us will happen next?

Edward Chancellor is going to help us answer these questions. And along the way, you’ll learn timeless lessons about interest, debt, and the time value of money.

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TIMESTAMPS: 

0:00 Intro
8:24 Edward’s Book Overlap
19:32 Speculative Bubble’s Inevitability 
26:27 Interest, Debt, & Loans 
31:15 Debt Jubilee & Inflation
35:05 The Necessity of Inflation 
41:55 The Natural Rate of Interest 
53:35 The Everything Bubble 
1:04:10 The Price of Time 
1:07:38 Devil’s Take the Hindmost 
1:10:40 Have We Learned From Past Bubbles? 
1:17:30 Austrian vs. Keynesian Economics
1:21:20 Edward’s Thoughts on Crypto
1:38:50 Predictions: What Happens Next?
1:42:27 Closing & Disclaimers 

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RESOURCES:

The Price of Time 
https://www.amazon.com/Price-Time-Real-Story-Interest/dp/0802160069 

Devil Take the Hinemost https://www.amazon.com/Devil-Take-Hindmost-Financial-Speculation/dp/0452281806 

Primitive Money
https://www.elsevier.com/books/primitive-money/einzig/978-0-08-011679-2 

Digital Chicago Plan - Column In Breakingviews
https://www.breakingviews.com/columns/digital-chicago-plan-fixes-many-financial-woes/ 

Irving Fisher 100% money
https://mises.org/library/100-money 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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