Interest rates have been sliding for seven centuries. Dive into the historical forces driving this trend and examine whether the recent interest rate spike is just a blip on the radar. Topics covered include: How the supply of savings and the demand to borrow impact interest rates Why have interest rates been falling for over 700 years, and what might have changed recently to propel rates higher How lower rates have helped households increase their net worth and reduce their … [Read more...]
316: Paper, Rocks, or Digits—What Makes the Best Money
What are the elements of a successful monetary system. Source: Bartek.cieslak at Polish Wikipedia. Edited and captioned. Topics covered include: The stone currency of YapThe fiat currency of ancient ChinaWhy money requires trust, accounting, and tokensWhy too much money can lead to inflation and too little to deflationWhy the best money is useless other than as money Show Notes The island of stone money : Uap of the Carolines by William Henry Furness The Gold Standard, … [Read more...]
99: Money Is Story
How money originated and why our relationship with money is driven by the stories we tell. Photo by Christina B. Castro In this episode you'll learn: How money originated.Why most money is virtual.Why the worth of money fluctuates both in the market and in our minds.How the stories we tell define our relationship with money. Show Notes The Wealth of Nations by Adam Smith Debt - Updated and Expanded - The First 5000 Years by David Graeber Your Story About … [Read more...]
