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Oct 2023
24m 38s

The Price of Money - 700 Years of Fallin...

J. David Stein
About this episode

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 financial vulnerability
  • What are some lower-risk ways to take advantage of higher interest rates


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Show Notes

The Price of Money Is Going Up, and It’s Not Because of the Fed by Jamie Rush, Martin Ademmer, Maeva Cousin, Tom Orlik, and Rich Miller—Bloomberg

Secular stagnation is not over by Olivier Blanchard—Peterson Institute for International Economics

A big problem looming for bond markets by TOMASZ WIELADEK—The Financial Times

Eight centuries of global real interest rates - Paul Schmelzing - Bank of England

Changes in U.S. Family Finances from 2019 to 2022—The Federal Reserve

A Complete Guide to Investing in I Bonds and TIPS

Related Episodes

448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium

450: How Higher Interest Rates Alter Our Financial Blueprint

452: Beyond Stocks: The Allure and Strategy of Credit Investments

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