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 Evolution of Technology
The marginal cost of production has come to zero. A lot of the jobs it used to Kodak was a monopoly for a long time. It no longer exists, but photos still exist. And that is a $5 bill of materials on the new iPhone. So all of that power is dropped in cost by a staggering amount. The same thing is happening in music. Same thing has happened in a whole bunch of different industries yet. Why do you think so many people are missing the fact that deflation and this technology deflation is too big of a force to be stopped?
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