2min chapter

The Café Bitcoin Podcast cover image

"The Implications of Open Monetary and Information Networks" with Lyn Alden - March 27th, 2023

The Café Bitcoin Podcast

CHAPTER

The Price of Tomorrow by Jeff Booth

I almost wonder if this deflationary pressure from these new technologies is actually counteracting, for example, the Fed trying to put people out of business. So you've got this counterbalance where they just won't give up. The Fed wants to put everyone out of business and get people fired but these businesses are adopting tools which are just making them more efficient. We could have to say that losing jobs and technology would both be deflationary if I understood your question right. Actually, any deflationary forces just require more inflationary pressures to equalize and offset them.

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