Jeff Booth joins me for a multi-episode discussion 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 00:00:00 Robert’s Intro to the Booth Series 00:05:23 Series Begins 00:08:41 How the Economy Works 00:11:30 “Currency wars, trade wars, then real wars” 00:13:38 Innovation is Unstoppable 00:16:43 Inflation Fights Innovation 00:19:10 What if Central Banks Knew? 00:22:40 Empathy and How Systems Operate 00:29:00 Is GDP the right metric? 00:32:29 Declining Prices Means Freeing Time 00:34:52 Digital Technology Vaporizes Borders 00:38:14 All Government Action is Wasteful 00:43:09 Inflation Centralizes Power 00:47:27 Inflation is Implicit Default on Debt 00:49:37 Inflation Drives Divisiveness 00:52:14 Fear of Systemic Change 00:55:29 Personalities Emerge from Incentives 00:57:53 Fiat Currency Forces and Funds Warfare 01:01:06 The Stability of Rules is the Bedrock of Peace 01:06:10 No Hope for the Existing System 01:08:22 The “Risk Free” Rate is Systemic Manipulation