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A review by alastairherd
The Price of Time: The Real Story of Interest by Edward Chancellor
challenging
informative
reflective
slow-paced
4.5
A very interesting, and illuminating, guide through the history and effects of interest.
Chancellor makes strong points for the damage that is caused by artificially low interest rates and details economists who predicted exactly the outcome that we are experiencing. It's reassuring to find out that the majority of economists are sane, even if the ones that work for central banks are not!
Given the recent sharp rise in interest rates, it does make me wonder what is going to happen to the fun house now that the cash has dried up... It would be much more fun if this was a work of fiction instead.
Chancellor makes strong points for the damage that is caused by artificially low interest rates and details economists who predicted exactly the outcome that we are experiencing. It's reassuring to find out that the majority of economists are sane, even if the ones that work for central banks are not!
Given the recent sharp rise in interest rates, it does make me wonder what is going to happen to the fun house now that the cash has dried up... It would be much more fun if this was a work of fiction instead.