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Top 2 Edward Chancellor Quotes (2026 Update)

Edward Chancellor Quote: “If interest rates are kept below their natural level, misguided investments occur: too much time is used in production, or, put another way, the investment returns don’t justify the initial outlay. ‘Malinvestment’, to use a term popularized by Austrian economists, comes in many shapes and sizes. It might involve some expensive white-elephant project, such as constructing a tunnel under the sea, or a pie-in-the-sky technology scheme with no serious prospect of ever turning a profit.”

1. “If interest rates are kept below their natural level, misguided investments occur: too much time is used in production, or, put another way, the investment returns don’t justify the initial outlay. ‘Malinvestment’, to use a term popularized by Austrian economists, comes in many shapes and sizes. It might involve some expensive white-elephant project, such as constructing a tunnel under the sea, or a pie-in-the-sky technology scheme with no serious prospect of ever turning a profit.”

— Edward Chancellor

Edward Chancellor Quote: “As Bastiat understood, a very low rate of interest may benefit the rich, who have access to credit, more than the poor.”

2. “As Bastiat understood, a very low rate of interest may benefit the rich, who have access to credit, more than the poor.”

— Edward Chancellor

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