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Governments around the world tell us we need to simply accept inflation and the destruction of the purchasing power of our money, today's guest shows why deflation, not inflation, is the key to an abundant future in both your cannabis business and your personal life. Listen in as Jeff shares how surging the trends are shaping our lives are accelerating.
Here to tell us is Jeff Booth, author of The Price of Tomorrow.
Jeff’s book: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405
Jeff’s Twitter: https://twitter.com/JeffBooth
Key Takeaways:
- Goods and services that are inflationary versus those that are deflationary
- What a deflation economy looks like and examples of when we’ve seen deflation in the past
- The natural deflationary process that’s occurring right now thanks to advancing technologies like AI
- The deceptive power of exponential technologies and how they gain traction
- How central bankers are fighting a losing battle by taking on more debt to create inflation
- The power of network effects for business owners, investors, and employees
- Where Jeff sees bitcoin heading in the next few years and his advice for those looking to get in
- Why Jeff believes AI will eventually force us to embrace deflation and how that could benefit society as a whole
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