Confronting The Madness

EP26: Jeff Booth Confronts Inflation & Technology


Listen Later

“System problems with the type of magnitude the world is dealing with cannot be fixed by the system creating the problem. A different way of thinking is required.”


- Jeff Booth

 

I have spent the past decade trying to understand why the mental health crisis worsens while stigma reduction efforts and funding for mental health services are on the rise.


I used to think the problem was a lack of money, but what if the problem was the monetary system itself?

 

With inflation wreaking havoc across the globe and adding incredible stress and anxiety to millions of families, I thought it would be worth re-sharing my conversation with Jeff Booth from April of this year.


Jeff and I discuss various themes from his recent book The Price of Tomorrow: Why Deflation is Key to an Abundant Future, and how money, as it is currently structured, is serving to fragment our collective well-being.

 

Jeff’s key arguments:

  • Our Economic System is Sick. Our debt-dependent economic growth has created an economic system that is not fit for purpose. As technological advancement accelerates into unprecedented territory, our need for inflation to support this system is being confronted by the natural force of deflation. We need to urgently rethink our approach.
  • Technology is an Unstoppable Deflationary Force. The emergence of new technologies, such as self-driving cars, virtual reality, and additive manufacturing, will soon create unstoppable deflationary pressure on this system. Coupled with innovation in renewable energy and artificial intelligence, this deflationary pressure cannot be stopped through our model of currency debasement and debt.
  • The Dangers and Possible Solutions. Our current approach is widening inequality and will inevitably lead to the discontent that sows the seeds for totalitarianism. While history tells us that policymakers will probably turn to further money printing and universal basic income as responses, a fuller reset is inevitable. We need to decentralize and fix our monetary system, and we need to confront the deflationary reality now rather than later.
  •  

    Jeff has become a passionate advocate for Bitcoin as a tool to move us towards a fairer system based on truth and a free market of ideas, a system that moves us from scarcity to abundance.


    Fix the money, fix the world?

    Mark

    ...more
    View all episodesView all episodes
    Download on the App Store

    Confronting The MadnessBy markkorthuis

    • 5
    • 5
    • 5
    • 5
    • 5

    5

    1 ratings


    More shows like Confronting The Madness

    View all
    The Joe Rogan Experience by Joe Rogan

    The Joe Rogan Experience

    226,832 Listeners

    We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

    We Study Billionaires - The Investor’s Podcast Network

    3,369 Listeners

    Odd Lots by Bloomberg

    Odd Lots

    1,789 Listeners

    TFTC: A Bitcoin Podcast by Marty Bent

    TFTC: A Bitcoin Podcast

    765 Listeners

    Stephan Livera Podcast by Stephan Livera

    Stephan Livera Podcast

    410 Listeners

    The Compound and Friends by The Compound

    The Compound and Friends

    2,052 Listeners

    What Bitcoin Did by Danny Knowles

    What Bitcoin Did

    253 Listeners

    Coin Stories by Natalie Brunell

    Coin Stories

    417 Listeners

    The Jack Mallers Show by Jack Mallers

    The Jack Mallers Show

    111 Listeners

    The Bitcoin Frontier by Unchained Capital, Inc

    The Bitcoin Frontier

    36 Listeners

    Thoughtful Money with Adam Taggart by Adam Taggart | Thoughtful Money

    Thoughtful Money with Adam Taggart

    379 Listeners