#20 Jeff Booth - Deflation is the Key to Creating a Paradise
Bold Conjectures with Paras Chopra
English - August 17, 2021 08:00 - 1 hour - 44.1 MB - ★★★★★ - 5 ratingsScience science physics consciousness reality economy psychology evolution Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
What if everything continuously gets cheaper?
Common sense suggests that is what paradise looks like. It's a world where everyone is able to afford more and more using less and less money. But why isn't our world like that? I talk to Jeff Booth, author of the popular book "The Price of Tomorrow", how to create a deflationary world.
== What we talk about ==
0:04 - Introduction
1:21 - As a tech entrepreneur, how did you get interested in economics?
4:33 - The game of inflation and deflation
14:47 - Why inflation is a theft
20:21 - If we can reset the debt to zero, will it be easier for governments to pursue deflation?
23:04 - The inflation and climate change connection
26:42 - Money as a unit of information
28:46 - Is the government’s ability to print money beneficial for the poor?
37:52 - Is the free market a better system?
49:23 - How do we create a better world?
1:00:39 - How does the new deflationary system solve the problems of the world?
== About the guest ==
Jeff Booth is the author of the popular book: “The Price of Tomorrow” where he analyzes the effects of technology-led deflation and monetary-policy-led inflation. He is also the founder of BuildDirect, a technology company that aimed to simplify the building industry, for nearly two decades through the dot-com meltdown, the 2008 financial crisis, and many waves of technological disruption.
For his thoughts on technology, economy and recently bitcoin, Jeff has been featured in many publications including Forbes, TechCrunch, and The Wall Street Journal.