The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future by Jeff Booth (EP035)
"The Federal Reserve is not currently forecasting a recession." Ben Bernanke, January 2008. Months later the whole world was blowing up.
Peter calls The Price of Tomorrow the book that finally made the debt numbers make sense to him. He walks Pablo through Jeff Booth's big idea: technology makes everything cheaper, and governments fight it by printing money. They cover $4 of debt for every $1 of growth, why currency wars turn into real wars, Blockbuster, Kodak, Henry Ford and Amazon almost dying, self-driving cars, $250 trillion of debt, Germany's hyperinflation, Ray Dalio's 4 levers…
The skinny
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