The Price of Time: The Real Story of Interest, by Edward Chancellor
Автор: Strategic Summaries
Загружено: 2025-05-19
Просмотров: 411
In a world where every financial decision hinges on a single invisible force, The Price of Time: The Real Story of Interest by Edward Chancellor unveils the profound history and power of interest-the often misunderstood "price of time." Tracing its origins from ancient Mesopotamia through the turbulent eras of usury debates, speculative bubbles, and the rise of modern capitalism, Chancellor reveals how interest rates shape not just markets but the very fabric of our economies and societies. As interest rates plunge to historic lows in the twenty-first century, Chancellor warns of the dangerous consequences: asset bubbles, economic stagnation, soaring inequality, and financial fragility that threaten global stability. This masterful exploration exposes interest as the secret machinery of capitalism-both its engine and its Achilles’ heel-inviting readers to understand why the price we pay for time is the key to our economic future.
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