In 'The Price of Tomorrow,' Jeff Booth argues that technological progress is driving a natural deflationary force in the economy, which is being countered by government and central bank interventions through money printing and debt creation. Booth contends that our current economic systems, built on debt and inflation, are unsustainable and will lead to increased polarization and economic trouble if not adjusted. He advocates for embracing deflation and restructuring our economic frameworks to harness the abundance that technology can bring. The book covers a broad range of topics including the impact of technology on job markets, equality, and societal stability, and it concludes with a call to action for policymakers, business leaders, and entrepreneurs to adapt to these new economic realities.
The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. The book takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems to modern government debt. It explains the operation of Bitcoin as a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, allowing users to perform traditional monetary functions without relying on authorities or physical infrastructure. The book also explores common questions surrounding Bitcoin and its potential as a store of value and a network for final settlement of large payments, challenging government monopolies and offering a vision of money extricated from politics and borders.
Tom Karadza is a real estate entrepreneur and Bitcoin advocate. A former tech industry professional, Tom now dedicates his time to exploring the intersection of Bitcoin and real estate, sharing his insights how Bitcoin could revolutionize housing affordability and financial systems.
› Follow Tom: https://twitter.com/tomkaradz
› Tom on YouTube: https://www.youtube.com/@TheYourLifeYourTermsShow
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🕑 TIMESTAMPS
00:00 - Understanding Money in a Fiat World
05:48 - Real Estate as a Store of Value
12:01 - The Role of Bitcoin in Financial Freedom
17:50 - Planning for the Future in a Changing Economy
26:58 - The Retirement Dilemma: A Generational Challenge
32:02 - The Reality of Labor and Financial Security
39:06 - The Unease of Financial Insecurity Across Generations
45:09 - Bitcoin vs. Traditional Money: A New Perspective
52:48 - The Digital Land Grab: Bitcoin's Future Value
01:01:04 - Overcoming Skepticism: The Hurdles to Bitcoin Adoption
01:06:58 - A New Economic Paradigm: Bitcoin and Community
01:12:05 - The Risk of Fiat: Understanding Bitcoin's Stability
01:17:22 - Core Beliefs: Integrity and Doing the Right Thing