Fri, 24 July 2020
Founder and former CEO of Build Direct, Jeff Booth, joins Jason on his discussion about deflation. Listen as best selling author of The Price of Tomorrow, Why Deflation is the Key to an Abundant Future, shares some of the knowledge from his book on deflation in the economy.
The Price of Tomorrow: Why Deflation is the Key to an Abundant Future by Jeff Booth
[2:00] There is nothing governments can do long term, deflation will win.
[5:30] Speaking about 2008, we should’ve ended up in a depression.
[6:30] Governments all over the world distort the market; they don’t allow price discovery.
[7:00] Elaborating on the “Ponzi Economy”
[8:00] Deflation makes your value of money go up because goods and services go down in relation to your money.
[9:00] Can deflation be responsible for inflation?
[9:45] Price discovery example scenario: Zoom went from 10 million to 300 million users in a month and a half.
[10:45] Why do governments fight deflation?
[14:45] Understanding the power of inflation as it pertains to paying debt, but how much power does technology have over inflation/deflation?
[20:30] Jeff Booth explaining his idea of doubling up.
[22:00] How can we understand exponential growth?