Jeff Booth, author of "Price of Tomorrow" and founding partner at Ego Death Capital, shares his visionary insights on inflation, deflation, and the future of Bitcoin. He believes inflation is a misleading narrative and discusses the flaws of the current fiat system. Booth argues that technological advancements drive deflation and enhance consumer value, while criticizing the reliance on inflation in credit-based economies. He highlights the stark contrast between asset inflation and wage deflation, urging a transition toward a Bitcoin-centric economy for greater stability and equity.
01:15:30
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Deflationary Free Market
The natural state of the free market is deflation, driven by entrepreneurs creating more value and competing with existing products.
This leads to falling prices as technology improves and solves scarcity.
insights INSIGHT
Bitcoin's Global Free Market
A global free market has never existed before because humans have always centralized money.
Bitcoin is imposing a new reality by creating the first true global free market.
insights INSIGHT
Bitcoin's Disruptive Force
Bitcoin is imposing a new set of rules and disrupting existing reference frames.
It's creating the first global free market, which will reprice everything if it remains decentralized and secure.
Get the Snipd Podcast app to discover more snips from this episode
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.
In this episode of the Coin Stories podcast with Jeff Booth, we discuss:
What is inflation and deflation?
Why Jeff says "Inflation is the greatest lie ever told."
The end of the fiat system
Why inflation is needed for a credit-based system
The transition to a Bitcoin world
----
Bio: Jeff Booth is a visionary leader at the forefront of technology change for 20 years. He is the author of "Price of Tomorrow," and a Founding Partner at Ego Death Capital. Follow Jeff on X at https://x.com/JeffBooth and on NOSTR
----
Subscribe to our free weekly newsletter https://thenewsblock.substack.com/ It's a 10-minute read to keep you updated on Bitcoin and the economy.
----
Coin Stories is powered by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at www.bitdeer.com.
----
Natalie’s Promotional Links:
Secure your Bitcoin with collaborative custody and set up your inheritance plan with Casa: https://www.casa.io/natalie
For easy, low-cost, instant Bitcoin payments, I use Speed Lightning Wallet. Get 5000 sats when you download using this link and promo code COINSTORIES10: https://www.speed.app/sweepstakes-promocode/
Protect yourself from SIM Swaps that can hack your accounts and steal your Bitcoin. Join America’s most secure mobile service, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie