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16min chapter
Jeff Booth: Deflation is Coming - A Future of Bitcoin, AI and Abundance
Coin Stories with Natalie Brunell
Inflation, Deflation, and the Role of Technology
This chapter explores the impact of inflation on wage deflation, emphasizing the need for businesses to create more value to survive in a free market where prices fall to the cost of production. It discusses how technology accelerates value creation, driving prices down and leading to products like a calculator app becoming free due to competition. The conversation also delves into the relationship between AI, deflation, and Bitcoin's role in reshaping the financial system and global energy production.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode