What Bitcoin Did Jeff Booth | AI, Bitcoin, & The Collapse Of The Fiat Economy
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Jul 23, 2025 
Jeff Booth, author of 'The Price of Tomorrow' and a Bitcoin advocate, discusses the deflationary nature of free markets. He argues that our credit-driven economy is inherently flawed, as it fights against natural deflation. The conversation highlights how AI could exacerbate economic disparities while Bitcoin has the potential to create a truly global market. Booth emphasizes the cultural divide between ‘Fiatland’ and Bitcoin, and explains why regions like the Global South might adopt Bitcoin faster, reshaping power dynamics and housing markets.
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Free Market's Natural Deflation
- The natural state of free markets is deflation driven by continual value creation and competition.
- Deflation means prices fall as new technologies create more value cheaper than before.
Credit Systems Fight Deflation
- Credit-based systems must avoid deflation at all costs or risk catastrophic collapse.
- This leads to constant money manipulation favoring the wealthy and growing monopolies.
Bitcoin Imposes Global Free Market
- Bitcoin creates the first global free market where prices fall relative to it due to its decentralized, secure protocol.
- Adoption means deflationary pricing for energy, housing, and manufacturing becomes the new normal.