Widely known as “one of the greatest financial historians alive,” Edward Chancellor has been working in the markets for three decades now; his study of finance theory, speculative bubbles and economics goes back even further. ‘The Price of Time,’ Edward’s latest book, is clear evidence of his passion for the subject of financial history and his ability to convey the key concepts in an effective and uniquely entertaining way. The book does a masterful job of chronicling the modern history of easy money and explaining its many “secondary consequences,” including, “the collapse of productivity growth, unaffordable housing, rising inequality, the loss of market competition and financial fragility.” More than that, it takes the reader on a journey from the beginnings of modern central banking in John Law’s Mississippi Company to today’s fight against rapidly rising inflation pressures, imploring the reader to think critically about what it all means for the future of the economy and markets. In this episode, Edward shares his inspiration for writing it and his thoughts on what history suggests may lie ahead. Below are several notes and links related to the show:
- Get ‘The Price of Time’ at Amazon.com
- Get ‘Devil Take The Hindmost’ at Amazon.com
- Learn more about Edward at EdwardChancellor.com
- Read Edward’s most recent stories at Reuters’ Breakingviews.com
- Read ‘The mother of all speculative bubbles’ at Breakingviews.com
- Listen to William White On The Undesired Side Effects Of Experimental Monetary Policy
- Listen to Jonathan Tepper On The Single Most Important Question Investors Should Be Asking Right Now