Jeff Booth joins me for a multi-episode conversation covering the concepts laid out in his book "The Price of Tomorrow: Why Deflation is Key to an Abundant Future"
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OUTLINE 00:00:00 “What is Money?” Intro 00:00:05 NYDIG 00:01:22 Inflation Harvests Economic Surplus 00:02:02 When Innovation Collapses Distribution Costs 00:07:50 Etail vs. Retail 00:09:55 The Inability to Understand Exponential Change 00:11:25 Goods are Information 00:15:00 Sitting at the Cutting Edge 00:17:45 Bitcoin’s Exponentially Decaying Supply Flow 00:20:17 How to Measure Economic Growth? 00:22:21 Digital Platforms, Supply Aggregation, and AI 00:28:59 Airbnb Aggregating Lodging Supply 00:32:31 AI is Already Here 00:35:38 Say’s Law, Money, and Time 00:40:22 The Middle Class Attacked on Two Fronts 00:42:05 Future Economic Shocks 00:46:52 “Never Let a Good Crisis Go to Waste” 00:48:46 The Diminishing Returns of Indebtedness 00:52:04 Double-Digit Negative Real Yields 00:55:41 Macroeconomics: Designed to Deceive 00:58:00 Innovation Requires Money that Allows Price Deflation 00:59:28 End