WiM012 - The Booth Series | Episode 2 | Innovation is Unstoppable

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" 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 RSS Feed: https://feeds.simplecast.com/MLdpYXYI 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 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