MI Rewind: Why Deflation is Key to an Abundant Future w/ Jeff Booth
The Intrinsic Value Podcast - The Investor’s Podcast Network
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The Consequences of COVID
In the last 20 years, and this is preceding COVID, you had $185 trillion of stimulus to grow global economies by 46 trillion. So if prices are moving up because they're unnaturally caused to move up then what would a business do in that environment? Because if they don't automate faster, they'll go broke. What you have is both trends are accelerating against each other,. causing for an exponential movement on the trend.
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