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

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
Transcript: https://bitcoinoculator.medium.com/the-booth-series-episode-1-inflation-fights-innovation-transcript-241fab13f314

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
01:11:28 End

SOCIAL
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22?lang=en
All My Current Work: https://linktr.ee/breedlove22​

WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/

WAYS TO CONTRIBUTE
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true

BUSINESSES I LIKE:
Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/
Use Discount Code "Breedlove" for Bitcoin Custody w/ Casa: https://keys.casa/#plans
Buy Bitcoin in a Retirement Account w/ DAIM: https://daimio.typeform.com/to/oU5OHXMZ
Worldclass Bitcoin Financial Services: https://nydig.com/