Last Thursday, the ever-interesting and insightful Jim Grant, editor of Grant's Interest Rate Observer and author of one of my favorite books on economic history, Money of the Mind, was the guest for the entire Capital Account hosted by Lauren Lyster. Lyster's delivery is occaissionally over the top, but Grant is always worth listening to. In this interview he explains the importance of interest rates and how, despite paying lip service to market prices, Ben Bernanke manipulates the ratio of inter-temporal prices--the interest rate--every day. On top of that, Grant routinely sports top-drawer neck wear.
Have a Look: