46 minutes | May 1, 2021

348 – How Deflation Will Impact the Economy and Your Debt with Jeff Booth

We worry about inflation, but the technology we increasingly use is deflationary.  Hard to believe, but that's why most of the apps on your phone are free. Deflation is great if you can buy things for less, but debt doesn't deflate, so you could end up with much higher debt costs in real dollars.  On today's podcast first-time guest Jeff Booth, entrepreneur, and author of The Price of Tomorrow: Why Deflation is the Key to an Abundant Future, explains why we should think about deflation, and how it will impact the economy, inequality, your job, and your debt.  You may not agree with Jeff's perspective, but it will make you think.  Enjoy! Related Links: Jeff Booth's book, The Price of Tomorrow: Why Deflation is the Key to an Abundant Future, on Amazon: https://amzn.to/3dVDrKc Jeff on Twitter: https://twitter.com/JeffBooth  @JeffBooth Jeff Rubin episode #317:  https://youtu.be/-4vvcQqFuxU: Modern Monetary Theory episode https://youtu.be/TMGDaTGx3V4 Statistics Canada Inflation statistics: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501
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