Technological Advancements and Economic Impacts

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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.

Clay Finck chats with Jeff Booth about inflation and deflation, why inflation isn’t necessarily ‘good’ for a healthy and thriving economy, why so many people are missing the fact that deflation and technological innovation is too powerful of a force to stop, why Jeff believes that Bitcoin is positioned to perform well over the long-term, and much much more!

Jeff Booth is a technology entrepreneur and founder of BuildDirect which is now a company with a market capitalization of over $500 million.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

06:10 - The two colliding forces at an exponential rate and why they are the most important thing for investors to understand.

10:37 - An example of deflation playing out in our everyday lives.

12:07 - Why there has been such a huge disconnect in the price changes between certain industries.

29:29 - Why inflation isn’t necessarily ‘good’ for a healthy and thriving economy.

32:55 - Why so many people are missing the fact that deflation and technological innovation is too powerful of a force to stop.

40:09 - Whether the Federal Reserve can perform quantitative tightening or not in the future.

41:22 - Why Jeff believes that Bitcoin is both an asymmetric bet and one of the safest places to store value.

46:22 - How investors can potentially benefit from these massive shifts in our economy.

49:10 - What Jeff is seeing for Bitcoin adoption from the private companies he works with.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Jeff Booth’s book, The Price of Tomorrow.
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