Part 5
Monetary Transformation and the Future of Real Estate
Chapter 17
Credit, Interest Rates, and Capital Formation
Edward Chancellor's history of interest frames what happens when the price of time is suppressed.
The price of time
Artificially low rates inflate asset prices, including housing, and misallocate capital.
Sources in this chapter
Why it's included
Chancellor's history of interest and the costs of suppressing it.
VerifiedRelated commentary
Edward Chancellor's history of interest frames what happens when the price of time is suppressed.
Why it's included
Links cheap credit to housing inflation and resource misallocation.
VerifiedRelated commentary
Edward Chancellor's history of interest frames what happens when the price of time is suppressed.
Why it's included
A market-practitioner angle on Chancellor's argument.
UnverifiedRelated commentary
Edward Chancellor's history of interest frames what happens when the price of time is suppressed.