#2: Explained - Jeff Booth’s Deflation Thesis by Ryan Gosha

Hi, Welcome to "Small Business, Big Bitcoin” the show where we talk about what bitcoin means to small business owners, and how small businesses can integrate bitcoin into their companies.

Today I am reading an article by Ryan Gosha that explains Jeff Booth's deflation thesis. If you haven’t read Jeff’s book, The Price of Tomorrow, I suggest you do.  

Jeff argues two key points in his book: 

1. That technology is causing price deflation and increasing unemployment, and

2. Increased global debt, including massive government spending, is causing inflation.  

This increased inflation is outweighing the forces of deflation in almost every area of our lives and those that are able are fleeing to hard assets in equity markets, real estate and some even to bitcoin.

As a business owner I believe in true capitalism or as Jeff say’s “where risk is rewarded and punished, and where the free market is the ultimate referee of your value. That is why it pains me so much to see it breaking down.”.

Jeff goes on to say, “Technology should be driving everything cheaper, but rent, housing prices, fuel, food, and many other costs are rising … driven by an enormous rise in credit and debt … Debt combined with deflation is a toxic combination, because borrowers have to pay the same for their interest payments while earning less.”.

With that, let's get on with Ryan Gosha's article: https://medium.datadriveninvestor.com/explained-jeff-booths-deflation-thesis-22d8ea0a63

Find Jeff Booth here...

• Twitter: @JeffBooth
• Website: www.jeffreybooth.com

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