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The Active Share Podcast: The Cost of Money
The idea of lending with interest can be traced back thousands of years. But despite the pivotal role that interest rates play in our economic structures, they continue to be misunderstood. In this episode of The Active Share, Hugo sits down with Edward Chancellor—author, journalist, and financial historian—for a conversation that challenges everything we thought we knew about the cost of money.
Meet Our Moderator
Hugo Scott-Gall, Partner
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SHOW NOTES | |
00:36 | Host Hugo Scott-Gall introduces today’s guest, Edward Chancellor. |
01:40 | The need to write a book about interest rates. |
10:46 | The first recorded instances of interest in history. |
19:51 | Do low interest rates cause low economic growth, or vice versa? |
25:33 | Do low interest rates lead to monopolies? |
28:33 | The contributions of interest rates on societal inequalities. |
34:00 | What should be done about this? |
40:03 | Will central banks stop focusing so narrowly on inflation and think more broadly? |