From ancient Mesopatamia to the Monetary Policy Committee, the story of trade, commerce and capitalism is also the story of interest rates.
Few people are as intimately acquainted with that topsy-turvy narrative as our guest this week, the financial journalist and historian Edward Chancellor.
In his recent book The Price of Time, Edward offers not only a sprawling, fascinating history of interest and credit, but a compelling argument about how years of long, low rates have led us to the verge of economic crisis.
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