Chapter
The Importance of Inflation and Non-Zero Interest Rates
1:12:48 - 1:14:53 (02:04)
The presence of inflation and non-zero interest rates can prevent conflicts in the future. Practically speaking, treasurers in UK pension systems are not allowed to run leveraged investments.
Clips
The presence of inflation and non-zero interest rates can prevent wars in the next 10 or 20 years.
1:12:48 - 1:14:53 (02:04)
Interest Rates
Summary
The presence of inflation and non-zero interest rates can prevent wars in the next 10 or 20 years. Leverage is not a practical option in today's world even if it could be thought of as levered long with all kinds of indirection.