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BTC AcceptedJeff 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:
Jeff Booth
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?”
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
Why Have Median House Prices Risen 45% from 2014 to 2023?
Inflation! Technology increases productivity, lowering costs to produce goods and services to their marginal cost of production. In a true free market economy, these cost-savings are passed on to you. In an inflationary-based economy, productivity gains are still passed on to you but inflation artificially inflates prices. Surely there are productivity gains in house construction, … Read more
Productivity Gains vs Inflation
This following is based on my current grasp of Jeff Booth‘s ideas from his book, The Price of Tomorrow. All industries experience varying degrees of productivity gains due to advances in technology. Productivity gains = lower cost of goods & services. And while the most obvious is consumer electronics, EVERY industry experiences lower costs due … Read more
Prices Fall to the Marginal Cost of Production – Jeff Booth
“Prices fall to the marginal cost of production. Period. Over a long enough time horizon, that always happens. You can stop it in the short term by regulating an industry or by pushing additional units of money to try to stop that from happening in the short term. “But over a long enough time horizon … Read more
Bitcoin Is Not A Deflationary Currency, It Is A Neutral Currency – Jeff Booth
Brandon, Green Candle: “…a deflationary currency like Bitcoin…” Jeff Booth: “Bitcoin’s not a deflationary currency. Well, I guess it could be if people lose their coins. It’s a neutral currency. Deflation exists because the free market creates deflation. Prices go down in a free market. That’s why prices fall. It’s not because the currency is … 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:
The Bitcoin Debate with Jeff Booth & George Gammon – What Bitcoin Did
Jeff Booth is the Author of The Price of Tomorrow & CEO/Chairman of Ego Death Capital. George Gammon is an investor, macroeconomics expert & host of The Rebel Capitalist Show. We discuss Bitcoin’s role in the world: its role as a hedge against the tradfi system, its disruptive potential & ability to reprice everything, & … Read more
