Jeff Booth: Author "The Price of Tomorrow" on Deflation | SALT Talks

Welcome to another episode of SALT Talks. Joining us today is Jeff Booth, Author of The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future. Jeff is a visionary leader who has lived at the forefront of technology change for 20 years. He led BuildDirect, a technology company that aimed to simplify the building industry, for nearly two decades through the dot-com meltdown, the 2008 financial crisis, and many waves of technological disruption.
We live in an extraordinary time. "Bitcoin will keep on growing and I think one day other currencies will be pegged to bitcoin. I think it's highly likely that bitcoin becomes the reserve currency." Technological advances are happening at a rate faster than our ability to understand them, and in a world that moves faster than we can imagine, we cannot afford to stand still. These advances bring efficiency and abundance-and they are profoundly deflationary. Our economic systems were built for a pre-technology era when labor and capital were inextricably linked, an era that counted on growth and inflation, an era where we made money from inefficiency.
SALT Talks provides a window into the minds of noteworthy business leaders, policy experts and innovators shaping the future. To learn more about this episode, including podcast transcripts and show notes, visit salt.org/talks
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Пікірлер: 82

  • @feaale
    @feaale3 жыл бұрын

    He explains it so clearly. Thanks Jeff

  • @SALTTube

    @SALTTube

    3 жыл бұрын

    Thanks for watching!

  • @TheRangerSoFar
    @TheRangerSoFar3 жыл бұрын

    The Price of Tomorrow is worth multiple reads. Jeff is a top thought leader in the btc community.

  • @SALTTube

    @SALTTube

    3 жыл бұрын

    It was a pleasure having Jeff on the show. Thanks for tuning in Robert!

  • @FrankJDurante
    @FrankJDurante Жыл бұрын

    Excellent interview.... read the book.... constantly listening....

  • @thepmanvan111
    @thepmanvan1113 жыл бұрын

    Jeff is the man!

  • @SALTTube

    @SALTTube

    3 жыл бұрын

    Agreed!

  • @jd8782
    @jd87823 жыл бұрын

    Great interview, I’m a big fan of Jeff, 👍🏻

  • @SALTTube

    @SALTTube

    3 жыл бұрын

    Thanks for watching!

  • @stephenmaginn7247
    @stephenmaginn72473 жыл бұрын

    Best way to talk about the price of tomorrow is today

  • @sluggo3slug
    @sluggo3slug3 жыл бұрын

    This guy is really on to something. Very Interesting!!

  • @pagexx
    @pagexx2 жыл бұрын

    Jeff Booth is so smart. I feel like his bigger struggle is how to make muggles like me understand the knowledge he's about to impart.

  • @future_proof

    @future_proof

    2 жыл бұрын

    50 books a year :)

  • @dirkdjong
    @dirkdjong3 жыл бұрын

    Thanks for your clear and balanced explanation of your vision.

  • @SALTTube

    @SALTTube

    3 жыл бұрын

    Thanks for watching!

  • @dirkdjong

    @dirkdjong

    3 жыл бұрын

    @@SALTTube Keep hosting great talks! :)

  • @mercurynfo
    @mercurynfo3 жыл бұрын

    Crux of the whole interview is between 14:00 - 15:00. Priceless!

  • @jeffhaislipmusic
    @jeffhaislipmusic3 жыл бұрын

    Great interview! Amazingly insightful book

  • @SALTTube

    @SALTTube

    3 жыл бұрын

    Glad you enjoyed it!

  • @hal8683
    @hal86833 жыл бұрын

    Wow! Eye-opener! Let me process a few months... haaha Such a good interview. I am 70 so ??? Thanks to ALL!

  • @SALTTube

    @SALTTube

    3 жыл бұрын

    You’re welcome! Thanks for watching.

  • @mike_w_21
    @mike_w_213 жыл бұрын

    Jeff Booth? Instant thumbs up.

  • @SALTTube

    @SALTTube

    3 жыл бұрын

    Thanks! @Mike Wiebe

  • @ryed8118
    @ryed81182 жыл бұрын

    Huge fan of Jeff Booth. There's times where i wonder if I'm a little crazy for being a bitcoiner since the rest of the world scoffs at the idea. Then when these calm, rational, highly intelligent minds like Booth, Sailor, Breedlove, Dan Held speak on the topic, I'm reminded that I'm on the right side of this battle.

  • @medicalerrorinterviewspodc4294
    @medicalerrorinterviewspodc42943 жыл бұрын

    Great stuff, lots of info / value --- will have to listen again to get deeper understanding of Jeff's conceptualization of how things are going to play out, but I certainly understand the 'system is broken' in health care / patient safety, so the parallel is there.

  • @SALTTube

    @SALTTube

    3 жыл бұрын

    Thanks for watching

  • @ptj2144
    @ptj21443 жыл бұрын

    Thanks, Brett for asking questions from your political view, very good to ask from an honest viewpoint. don't worry you will be a libertarian soon enough :). awesome job from you guys giving great info and explaination.

  • @SALTTube

    @SALTTube

    3 жыл бұрын

    Appreciate it!

  • @christophfrei9578
    @christophfrei95782 жыл бұрын

    Best book I read in 2021. Thank you kindly

  • @rebranch74
    @rebranch743 жыл бұрын

    Considered and inspiring.

  • @SALTTube

    @SALTTube

    3 жыл бұрын

    Thanks!

  • @macboracay184
    @macboracay1843 жыл бұрын

    Great job by Brett too...thank goodness for thoughtful and listening progressives. Once upon a time in America...progressives led us all!

  • @richardkut3976
    @richardkut39763 жыл бұрын

    Minute 42:00. Many thoughtful arguments against bitcoin, Pomp and Mike Green debate is a good one.

  • @escreality5314
    @escreality53143 жыл бұрын

    Buy Bitcoin folks

  • @bradheath4927
    @bradheath49273 жыл бұрын

    Sound bite: Bitcoin is a battery.

  • @FerallHog
    @FerallHog2 жыл бұрын

    JB and Plan B would have a great convo over beers! Incredible smart encouraging Innovators.

  • @dshephardcomposer
    @dshephardcomposer3 жыл бұрын

    I share Brett's concern about the consensus view of the arc of this halving cycle, with many expecting a peak (at which point they'll exit) in Fall/Winter 2021. And yet, it may just play out as it has been, defying all those who insist for this reason or that that it won't. Ironically, as big a believer as Brett is in Bitcoin, he just formulated his own fresh new FUD. lol.

  • @richardkut3976
    @richardkut39763 жыл бұрын

    Minute 15:00. Jeff states, "we compete for abundance". No! We compete for scarce.

  • @jackyflowers7159
    @jackyflowers71593 жыл бұрын

    What about those of us who do not have money, or have very lil money to spare or ivest, any advice for us?

  • @rexmundi273

    @rexmundi273

    3 жыл бұрын

    Work hard and spend less then you earn.

  • @coryg121
    @coryg1212 жыл бұрын

    How does a bond/debt market work with bitcoin. If I need to borrow to fund a business idea, how do I get off the ground when my debt service becomes more & more expensive as times goes by, at the same time the price I’m charging for my product or service is going down more & more over time. It’s a double negative

  • @ronbaltus1092
    @ronbaltus10923 жыл бұрын

    As a senior how can I buy Bitcoin or put it in my stock portfolio?

  • @toolegit2quit173

    @toolegit2quit173

    3 жыл бұрын

    If you’re in Canada there are three bitcoin ETFs. If in the US you can buy BTC via the Greyscale Bitcoin Trust. If you don’t need to hold it in a retirement account, then the best option is to hold actual BTC.

  • @billandpech
    @billandpech3 жыл бұрын

    A problem with finite currency is that if half the world just buries their money and the other half double their savings by using it to create new wealth, the money of those who just buried it appreciates as much as the money of those that risked it and created new wealth. In in times of exponential growth, that rewards doing nothing to the degree that most people will have a good life not working and just living off a tiny portion of their growing savings. Then progress may slows, stop, or reverse.

  • @grizzlymartin1
    @grizzlymartin13 жыл бұрын

    Finally, the perfect, most succinct way to demonstrate (prove) bitcoin’s (crypto’s) inevitability and irreducible function. @ 20:30 Booth says the most important thing he’s ever said: “...enter, a system change from outside the system...” He’s spot on...it’s the only way...and it’s the only way it EVER happens “successfully.” Apple nor Google ever made a phone before they made a phone and “changed the system from outside the system.” Drop the mic!

  • @tommy86klasa
    @tommy86klasa2 жыл бұрын

    IF " SATOSHI" IS AN INVERTER OF BTC , DOES HE AS A CREATOR HAS AN ACCESS TO BTC PROTOCOLS AND KEYS? CAN HE STEAL IT ?

  • @hackerhesays731
    @hackerhesays7312 жыл бұрын

    *salt talk #Pepper chat

  • @Angelina-xj5zd
    @Angelina-xj5zd2 жыл бұрын

    Bitcoin has no value. It's a tulip bubble. Tulips at least have some basic value.

  • @zyansheep

    @zyansheep

    2 жыл бұрын

    Bitcoin's greatest function is as an appreciating store of value

  • @marcinstanczak9738
    @marcinstanczak97383 жыл бұрын

    I don't agree with Jeff's comment that 'energy is deflationary'. We are coming off a 70 year period of being able to pump unbelievable amounts of energy for effectively pennies in places like Saudi Arabia. This will NOT repeat itself with solar panels, windmills, nuclear, or any other source of energy. In the medium term, any source of energy will be MORE expensive, no matter how much high tech we use, compared to the super cheap energy the world had access to while the middle east was awash in oil that just came up from the ground almost by itself.

  • @jorgegomez524
    @jorgegomez5243 жыл бұрын

    but we actually pay the air we breath, it’s call cabon rights. you can thanks our global leaders

  • @ravenxin4832
    @ravenxin48322 жыл бұрын

    Step 1:Organize community and protest Step 2:Secure your financial sovereignty get gold, silver and Bitcoin hold for emergency. Step 3:Repeat 1 and 2 until all freedom is restored Stay strong, stay free!

  • @mlbonfox8199

    @mlbonfox8199

    2 ай бұрын

    No need to protest; btc does it for us

  • @richardkut3976
    @richardkut39763 жыл бұрын

    Minute 32:00. Calling J.P. Morgan out? You worked for the Government! Pot calling the kettle black.

  • @bitcoindaddy1
    @bitcoindaddy13 жыл бұрын

    Pretty sad skybridge guy, wearing BTC hat, on left looked like he seen a ghost when booth gave him endgame....pure greed

  • @TheListeningBody
    @TheListeningBody2 жыл бұрын

    What about the materials that go into batteries that power electric cars etc? Another limited resource.

  • @heinzyketchupy4175
    @heinzyketchupy41752 жыл бұрын

    I want to see Jeff and Cathie Wood have a discussion bc in terms of market innovation they agree, but the way the country is going they seem to disagree

  • @ericpham7871
    @ericpham78712 жыл бұрын

    If deflation and convert the money then we able to wipe out entire national debt

  • @Tenebrousable
    @Tenebrousable3 жыл бұрын

    With enough deflation, we can just retire at 30. We'll do the Jetsons. Bitcoiners are doing it right now. We'll just eventually drive it around the globe to everyone. We'll still need people working here and there, it'll just be 75% less. Unemployment, gone. Wages go up. Something like that. The market will discover the numbers. What the retirement ages etc become.

  • @ericpham7871
    @ericpham78712 жыл бұрын

    Create new business and sell it is a way to survive fast technology growth

  • @jdp5288
    @jdp52883 жыл бұрын

    Jeff's a great thinker and his book is fascinating but don't think he's a natural communicator so has some difiiculty conveying his ideas despite the interviewer trying to coax his thesis out of him

  • @sluggo3slug

    @sluggo3slug

    3 жыл бұрын

    For me he’s a great communicator. He suits my temperament

  • @tybowesformerlygoat-x7760

    @tybowesformerlygoat-x7760

    2 жыл бұрын

    Reminds me of Charles Eisenstein in that way.

  • @ericwilson2632

    @ericwilson2632

    Жыл бұрын

    The problem is the people so stupid he educated himself you can do the same from your smartphone

  • @kylemitchell4681
    @kylemitchell46812 жыл бұрын

    Wait something doesn't add up here... Jeff said the collapse could be worse than the 30s and 90% of everything would go belly up, well doesn't that mean that internet companies would go belly up too? Last time I checked, the only way you could access bitcoin is through the internet and I'd it goes down then...

  • @ericwilson2632

    @ericwilson2632

    Жыл бұрын

    If Bitcoin doesn't get accepted we go belly up, what makes us so different from Rome, what make us more special than Rome, we no different/ special than Rome...lol

  • @kylemitchell4681

    @kylemitchell4681

    Жыл бұрын

    @@ericwilson2632 I already see tech companies laying off. This thing is gonna go down really bad

  • @ericpham7871
    @ericpham78712 жыл бұрын

    Change money then convert debt to new money then not much if corection take into effect. If not doing that then most technician are like modern slavery and unacceptable to any degree

  • @JoeHeine
    @JoeHeine2 жыл бұрын

    “Global thought-leader” LOHL

  • @warrenb2856
    @warrenb28563 жыл бұрын

    Bitcoin is bad for the climate, LOL! La Marzocco espresso machines are bad for the climate, why is no one worried about the espresso machines. This energy argument against bitcoin is hilarious! I am pretty sure the Banker's Gulfstream 700s use more energy than bitcoin. Tell where I am going wrong Janet.

  • @jeffsutherland982
    @jeffsutherland9822 жыл бұрын

    100% of the energy going into my Tesla is solar on my roof. Get over it guys!

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