WiM011 - The Booth Series | Episode 1 | Inflation Opposes Innovation

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" Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/ GUEST Jeff's Twitter: https://twitter.com/JeffBooth Jeff's Book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_2?keywords=the+price+of+tomorrow&qid=1574403883&sr=8-2 PODCAST Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1 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 SOCIAL Twitter: https://twitter.com/Breedlove22 LinkedIn: https://www.linkedin.com/in/breedlove22/ Instagram: https://www.instagram.com/breedlove_22/ Medium: https://breedlove22.medium.com/ All My Current Work: https://linktr.ee/breedlove22​ CONTRIBUTE Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true