In this episode, Brad teams up with Jeff Booth, author of 'The Price of Tomorrow' and one of the leading voices on technology and its impact. His book delves into how technology brings forth abundance and the danger of holding onto the economic systems of the past. As a person who's worked in the technology space for over 20 years and is an avowed Bitcoiner, Jeff has some interesting insights to share on how those two fields intersect. The two talk about the long-term impact of money printing, why Bitcoin is superior, and why deflation is a good thing for economies. Plus, how does Elon Musk balance allegiances to Bitcoin and the Fiat money world?
Timestamps
00:00:00 - How does Jeff balance being an entrepreneur and the whole media circuit?
00:01:59 - The conviction of any entrepreneur, and Elon Musk nearly lost Tesla
00:04:26 - Lessons from Jeff's parents after they lost real estate in the '80s
00:07:36 - Why inflation is hidden tax - that enriches the 1%
00:18:53 - Universal basic income is against the concept of free markets
00:26:39 - Bitcoin is not the backup plan – it's the plan
00:40:26 - What could Elon Musk's thought process be on Bitcoin?
00:47:25 - Bitcoin's more than just about price
00:48:00 - What would it have been like if we'd been on a deflationary currency since the gold standard?
00:53:06 - There's no place you can hide if 90% of humanity lacks the basics and 5% has everything
00:55:53 - AI and drug experimentation/ breakthroughs
00:58:21 - How was it like for Jeff to speak to the House Of Commons about Bitcoin?
01:02:08 - How does Jeff's wife perceive Bitcoin?
Podcast Mentions
The Price of Tomorrow (Book by Jeff)
Humans Need Not Apply (book)
Artificial general intelligence
Elon Musk's "Bitcoin is almost as bs as Fiat money" tweet
Find Jeff Booth on:
Find Brad Mills on:
Magic Internet Money Instagram
Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech
Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.