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BTC AcceptedDeflation
Jeff Booth Masterclass: The Price of Tomorrow & the Truth About Inflation, Deflation and Bitcoin – Natalie Brunell
In this episode of the Coin Stories with Natalie Brunell’s podcast with Jeff Booth, the following are discussed:
Technology Is Deflationary – Historical Price of Computer Storage 1956-2023
Productivity-driven deflation is good. It’s how computer storage went from $100 Billion per TB in 1956 to a measly $100 per TB in 2023. Source: Our World In Data: The price of computer storage has fallen exponentially since the 1950s
Deflation & Productivity – Jeff Booth
According to Jeff Booth, author of The Price of Tomorrow: 1. A truly Free Market is deflationary, which means prices fall – forever. 2. Technology increases productivity, which lowers prices – exponentially. Jeff asks, “So what’s getting in the way of prices naturally falling, exponentially, forever?”
Deflation Is Very Bad For Fractional Reserve Banking – Lyn Alden
Part 1: Peter McCormack: “We’re often told that deflation is terrible.” Lyn Alden: “It depends on the fiscal policy at the time, but in general, the reason deflation gets a bad reputation is because deflation is bad for very highly-leveraged systems. We previously talked about the instability of fractional reserve banking. Deflation is very bad … Read more
The Natural State of the Free Market is Deflationary – Jeff Booth
“Let’s start with first-principles: The natural state of the free market is deflationary. “Do you use things that give you less value? No. We choose things in our lives that give us more value, and entrepreneurs try to solve those problems. As we use things that give us more value, prices fall. “And the only … Read more
Technology and Bitcoin vs Fiat
Technology increases productivity, which reduces the cost of goods to their marginal cost of production. (per Jeff Booth) Bitcoin: Supply cap of 2.1 quadrillion satoshi. And as of April 19, 2024, has a lower inflation rate (supply issuance) than gold – making Bitcoin harder money than gold. (Gold inflation rate ~2% per year; Bitcoin inflation … Read more
Why Deflation is the Key to Abundance – Jeff Booth
What Bitcoin Did: Peter McCormack‘s interview with Jeff Booth Jeff Booth’s points:
