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Pros & Cons
Pros
I find myself highlighting much of the book. The book describes all of the animosity that's been attached to it throughout the ages and how it is the fountainhead of so many other trends. I am probably not qualified to state whether the author is corr... Read More
Edward chancellor puts recent monetary policy in perspective. The book concludes with an ardent statement about how, despite being a ‘capitalist nation, the us and the west in general accept central planning by allowing the control and manipulation of... Read More
An eye opener and changed my views on interest rates.
Devil take the hindmost” remains in my top 10 favourite even today. Infinite improvement on money and banking course in standard accademia. An outstanding work of history, economics, and finance, in an entertaining and readable style for such a comple... Read More
Cons
This is not a real book. I received a book with the right cover but the inside was blank lined pages.
Highlights
Quality
Infinite improvement on money and banking course in standard accademia.
Put in simple terms, this book is about the role of interest in a modern economy, and comes with the caveat that interest is an... Read More
Price
The price of time places economic history in its most important context.
Competitiveness
Chancellor provides numerous examples of this throughout history and the world.
Overview
- How are reviewers describing this item?
low, economic, monetary, central and financial. - Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
- Our engine has determined that the review content quality is high and informative.
- Our engine has discovered that over 90% high quality reviews are present.
- This product had a total of 474 reviews as of our last analysis date on Sep 16 2023.
Helpful InsightsBETA
Posted by a reviewer on Amazon
Right or wrong the reality is that all modern economies are overseen by central banks that exert some control over the rate of interest though for various reasons the united states federal reserve the fed ostensibly has the lion’s share of said control
Posted by a reviewer on Amazon
Tabling for a moment the argument for letting the market set the rate of interest and taking for granted the wisdom of setting inflation at 2 in a vacuum the basic downsides of an artificially low interest rate are the discouragement of savings rapid credit expansion and inflation by the same token an interest rate that is too high results in economic contraction and a potential deflationary spiral
Posted by a reviewer on Amazon
Today’s fed uses the specter of said deflation unemployment and price instability to justify ultra low interest rates
Posted by a reviewer on Amazon
Put another way creative destruction and natural selection which often happen during recessions and depressions must be allowed to occur the lack of fiscal responsibility and fortitude as well as politics keeps us in a state of perpetually low interest which begets lower interest until the day of reckoning when everyone sees the holes in the emperor’s underwear
Posted by a reviewer on Amazon
The people’s republic of china now faces a similar problem but on an even grander scale there households have no choice but to keep their money at state selected banks chosen more on relationships than business acumen with little or no legal option to take their money out of the country due to china’s laws precluding capital flight
Posted by a reviewer on Amazon
Moreover because artificially set interest rates reflect neither return on capital nor credit risk china’s economy has suffered from the twin evils of capital misallocation and excessive debt
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