High Interest Rates To “Slay” Zombified Companies | Edward Chancellor & Joseph Wang

Edward Chancellor, distinguished investor, financial historian, and author, joins Forward Guidance to discuss his latest book “The Price of Time: The Real Story of Interest.” Chancellor shares with host Jack Farley and Joseph Wang (“Fed Guy”) how artificially low interest rates can distort markets and foment bubbles.
“The Price of Time”: https://www.amazon.com/Price-Time-Real-Story-Interest/dp/0802160069
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Follow Joseph Wang on Twitter https://twitter.com/FedGuy12
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Joseph Wang’s YouTube channel: https://www.youtube.com/@Fedguy12/featured
Joseph Wang’s writings can be found at https://fedguy.com/
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Timecodes:
00:00 Introduction
00:39 How Ultra-Low Interest Rates Cause Asset Bubbles
11:11 The History Of The Gold Standard
19:02 Deflation Isn't Always Bad
30:15 Negative Interest Rates Are A Tax On Capital
37:25 Low-Rates Boost Venture Capital and Private Equity
45:35 I'm Fairly Dubious About Cryptos
46:52 Unicorns and Zombies
54:28 Elite Overproduction
57:47 How High Can Interest Rates Go?
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.