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Why Deflation is the Key to Abundance – Jeff Booth

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Why Deflation is the Key to Abundance – Jeff Booth (interview by Peter McCormack on What Bitcoin Did)

What Bitcoin Did: Peter McCormack‘s interview with Jeff Booth

Jeff Booth’s points:

  • Price falls to marginal cost of production
  • Marginal cost of production falls with technology
  • Inflation is wage deflation (on a fiat standard)

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