We Study Billionaires - The Investor’s Podcast Network TIP294: Inflation - Deflation - Which One Is It? w/ Jeff Booth author of The Price of Tomorrow (Business Podcast)
Apr 26, 2020
Join Jeff Booth, entrepreneur and author of "The Price of Tomorrow," as he unpacks the future of our economy. He discusses the paradox of rising debt amidst stagnant growth and why deflationary monetary policies are crucial. Jeff highlights how technology drives down costs while cautioning about inflation in sectors like healthcare. He also explores the potential for Bitcoin as a new standard in finance and urges a rethink of conventional economic models that resist change. Tune in for a thought-provoking take on our financial future!
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Inflation vs. Deflation
- Inflation is when your money's value decreases, and things cost more.
- Deflation is the opposite: money's value increases, and things cost less.
Deflation and Debt
- Deflation hurts debt because debt's real value increases.
- Governments often choose inflation because it reduces their debt burden.
Technology and Deflation
- Technology drives price deflation, offering more for less.
- This can lead to job displacement as technology increases efficiency.
