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
Transcript: https://bitcoinoculator.medium.com/the-booth-series-episode-2-innovation-is-unstoppable-585cb759f5e7

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

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WRITTEN WORK
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