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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Technological Advancements and Economic Impacts
The chapter delves into a conversation with Jeff Booth, author of The Price of Tomorrow, discussing the influence of technology on the economy, the clash between inflation and deflation, and the potential consequences of ignoring the impacts of technological advancements. Jeff shares insights on how technology drives down costs, leading to a conflict with inflationary monetary policies and emphasizing the importance of understanding the dynamics between inflation and deflation to prevent a crisis. The discussion highlights the implications of deflation on industries, debt accumulation, and the need for balance in navigating the evolving economic landscape shaped by exponential technological growth.
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