I highly recommend his books and scholarship. He is incredibly well-read and knowledgeable. Fortunately, he makes these large topics accessible and even entertaining. Great reading.

Excellent talk - thank you.

I love youtube to be able to find such interesting talks like this. Best subscription.

I love listening to this guy. He knows so much and is so well read that he inevitably ends up going on any number of asides that are often just as interesting as his main topic.

Now a fan of swiss finance jokes. 😭🤣 Great talk.

Fantastic

Amazing read! Fascinated that he also mentioned actuaries as they are often overlooked

a mindblowing book!

Geoffrey Hinton makes good points .

entering the great bubble in loans

It is worth adding that a few centuries ago the term "interest" as used by writers on political economy as limited to describe that portion of tangible wealth produced (by labor and other capital goods) applied to land. The term "interest" was an unfortunate choice given the term's application to systems of money creation, lending and borrowing. A fundamental issue the political economists debated was whether the issuance of money was justly a function of government (creating legal tender), or that anyone ought to be able to create money (either by minting coinage or printing paper currency). In the instance of government-issued money as legal tender, this facilities the collection of tax revenue to fund public goods and services. In the instance of privately-issued money, the virtue is that no one is required to accept the money in exchange for goods and services. What do others think about this debate?

The thing about boom and bust even if you can forsee the bust there is nothing you can do about its unravelling. When it rains the rich have umbrellas the proletariat get soaked. Best live in reality with cash. Waiting for a copy 1 of 4 in library of Chancellors book. 😅

This is for book lovers but doesn't give me a thread of truth about interest.

Profit leads to economic growth (Islamic finance), interest (usury) leads to what the world is currently going through, making the rich richer in the expense of the poor.

@SilverLion567

9 ай бұрын

It's not just Islam, in the book Price of Time, he references a lot of Jewish and Christian critiques of usury too

Interesting but a terrible speaker to put it very politely.

@daveyvane9431

5 күн бұрын

You enjoy poo poo milkshakes