COVID-19 and The Acceleration of Secular Deflation ( w/ Jeff Booth & Raoul Pal )
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 18 January 2021
⏱️ 72 minutes
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| 0:00.0 | Jeff Booth, welcome back to Real Vision. |
| 0:03.2 | Thanks, Ralph, thanks for having me. |
| 0:05.6 | There's a lot of people that said, look, you and I need to have a chat, so I was really |
| 0:09.0 | keen to get this out and done. |
| 0:11.6 | And I thought this particular campaign that we're doing which is has everything changed I thought it's a perfect time to talk to you |
| 0:18.5 | I think you and I share some similar views and I'd love to dig into that |
| 0:22.0 | Firstly before we start all of that, just give everybody a bit |
| 0:24.4 | of background about yourself and what you do, and then we'll dig it a bit to your macro framework as well. |
| 0:31.1 | I'm a technology entrepreneur so now many boards co-founder of a number of technology |
| 0:37.2 | companies and a reluctant author so I wrote the book The Price of Tomorrow last year and published it in January before all of this happened. |
| 0:50.4 | You had me on your show and just, it's playing out like a playbook |
| 0:55.6 | of what I talked about in the book. |
| 0:58.3 | So give us a bit of a pracy of the book and the main concepts that you talked about within that? |
| 1:05.0 | So the idea behind the book is technology is deflationary or technology provides efficiency. |
| 1:13.0 | Every single person who uses technology |
| 1:16.0 | doesn't use it to increase their costs, |
| 1:18.0 | both personally and in businesses. |
| 1:21.0 | We use it to reduce labor and to make things more efficient. The hope put of that |
| 1:26.3 | efficiency is deflation and and so what what you have and it's not just a little bit |
| 1:33.4 | deflationary. People are looking at it through a rearview mirror. |
| 1:37.1 | It's exponentially so because Moore's law and technology is |
| 1:41.8 | exponential. |
... |
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