Kyle Harrison
to-read
The Price of Time
The Price of Time: The Real Story of Interest
- Author
- Edward Chancellor
- Published
- 2022
- Recommended
- 2 times
Why it’s on the list: Chancellor’s history of interest — from Babylonian loans to a decade of near-zero rates — and his argument that suppressing the price of money distorts everything priced off it.
Where I saw it: Recommended by @ejames_c on X (June 10, 2025): “Currently winding down my vacation, and I will say that for a history of interest rates, a supposedly dry topic, The Price of Time is gloriously well written.”
Re-surfaced (recommendation #2) in the reply thread to @typesfast asking “What’s the best history book you’ve read?” (June 5, 2025) — a crowd-sourced list Kyle recovered by hand; the full list lives on What’s the best history book… (tweet).
Connections
- Capital Allocation — what the price of money governs.
- Liquidity — the adjacent variable, and the subject of Capital Wars on this list.
- What’s the best history book… (tweet) — recommendation #2: named in this crowd-sourced thread.