In this conversation, Alexej hosts Jeff Booth who is the author of the book "The Price of Tomorrow" and Partner at Ego Death Capital.

They discuss the flaws of the current monetary system and the concept of deflation as a source of abundance. Jeff explains that the natural state of a free market is deflation, but the existing system is designed to keep prices inflated. This leads to the accumulation of insolvent debt and the transfer of wealth to the top.

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◻️ Jeff Booth
👉 Website: https://www.jeffbooth.ca/
👉 X:   / jeffbooth  

🗓️ Recording date: 16th of November 2023

›› About the episode
Jeff argues that the current system is a form of crony capitalism and that true capitalism would allow prices to fall and encourage innovation. He also discusses the role of Bitcoin in imposing the discipline of the free market.

The conversation explores the implications of Bitcoin and the existing financial system on economic theory, energy consumption, and the potential for a new decentralized paradigm. It challenges traditional economic theories and highlights the deflationary nature of Bitcoin.

The conversation also discusses the security of the Bitcoin network and the potential for the existing grid to support it. It delves into the concept of decentralized energy and the shift towards a more localized and connected system. The conversation concludes by addressing the underutilization of technology and the need for a new model that makes the existing financial system obsolete.

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⚠️ DISCLAIMER ⚠️
The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of any entities they represent.

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⏰ Topics ⏰

#bitcoin #deflation #crash