The Bitcoin Standard Podcast 233. Deflation with Jeff Booth
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Aug 6, 2024 
In this discussion, Jeff Booth, author of 'The Price of Tomorrow', dives into the intricacies of deflation and economic challenges. He argues that Bitcoin presents a decentralized answer to the issues stemming from traditional monetary policies. Booth explores the societal costs of inflationary systems while advocating for a return to sound economic principles. The conversation also delves into the relationship between Tether and Bitcoin, centralization risks, and the potential of decentralized innovations in the financial ecosystem.
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Deflation vs. Inflation
- Deflation, coupled with productivity growth, leads to falling prices and increased purchasing power.
- This contrasts with fiat inflation, where prices rise and purchasing power decreases.
Historical Control Systems
- Historical economic and political systems have been control systems due to inherent flaws in money.
- True free markets demand deflation as prices fall to the marginal cost of production.
Gold Standard Implications
- A true gold standard would have caused prices of goods, like houses, to decline relative to money.
- Savings would increase in value over time, making life progressively easier.