#268: Jeff Booth on Why We Need to Embrace Deflation

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 13 April 2020

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jeff Booth is the author of the new book titled The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future. In this conversation, Anthony and Jeff discuss the difference between inflation and deflation, why technology is inherently deflationary, how easy credit has led to a massive asset bubble, why the world will need to move to a deflationary economy, and how Jeff is currently thinking about the economic crisis we are facing. =============================== Crypto.com is the only all-in-one platform that allows you to BUY / SELL / STORE / EARN / LOAN / INVEST crypto all from one place. Join over 1 million users currently using the Crypto.com app. Download and earn $50 USD using my code ‘pomp2020’, or use the link http://platinum.crypto.com/r/pomp2020 when you sign up for one of their metal cards today. =============================== Ledger hardware wallets empower you to optimally secure, own and control your crypto. Visit ledger.com and give yourself peace of mind by knowing that your cryptocurrencies are safe. ===============================

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp
0:05.3	podcast. Simply the best podcast out there. Let's kick this thing off. Jeff Booth is the author of the new
0:13.8	book titled The Price of Tomorrow, Why Deflation is the key to an abundant future. In this conversation, we discussed the difference between inflation and deflation,
0:24.6	why technology is inherently deflationary, how easy credit has led to a massive asset bubble,
0:30.7	why the world will need to move to a deflationary economy, and how Jeff is currently thinking
0:35.4	about the economic crisis we are facing.
0:37.9	I really enjoyed this conversation, and Jeff did a great job.
0:41.9	Before I get into this episode, though, I want to quickly talk about our two sponsors.
0:45.9	The first is crypto.com.
0:48.3	They're a pioneering payment and cryptocurrency platform that seeks to accelerate the world's
0:52.1	transition to cryptocurrency.
0:53.7	They have a vision to put
0:54.6	cryptocurrency in every wallet, which is frankly why we're all here. The crypto.com app offers a full
0:59.8	range of financial products with competitive pricing, well-designed user experience, and high
1:04.3	security. It's the best place to buy, sell, and pay with crypto. These guys have been longtime
1:08.9	supporters of Off the Chain, and they keep launching
1:10.9	new product after new product. So do yourself a favor and go to crypto.com to check them out.
1:15.6	Again, crypto.com. Great URL, great products. Crypto.com. The place where mass adoption is
1:23.1	occurring. Our second sponsor is Ledger. They've got all sorts of great custody products. They've pre-recorded an
1:29.2	advertisement that I'm going to play right now, and then we'll get into the episode with Jeff. I hope you guys enjoy this one.
1:35.8	Digital assets custody can be quite difficult to secure and hard to scale. Firms are often left with a
1:42.1	difficult decision, having to choose between security or liquidity.
	...

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