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What Bitcoin Fixes with Jeff Booth: 21 min on How Easy Money Impacts Business Incentives, Academia and More

Coin Stories

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Is Bitcoin the Key to Abundance?

Why are mainstream economists so afraid of deflation? You obviously focus so much of your book on this, that it's the key to abundance. So why is the mainstream understanding that deflation is bad? We don't want it. Because they're measuring from a system based on credit and deflation based on credit is bad because that system would collapse. Where deflation is very good, it means you're getting more for your money all the time forever. And we get exactly the opposite right now.

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