Manage episode 293798367 series 2933485
Deflation, inflation, debt, interest rates, QE, Federal Reserve policy—for many, words and ideas like these that come from the world of economics might as well be a foreign language. And sometimes, they seem like one. But they are important. In this episode of Thinking Ahead, Carter dives into technology and economics with Jeff Booth, author of The Price of Tomorrow: Why Deflation Is Key to an Abundant Future. Booth is a former entrepreneur and CEO who thinks that the power of technology is making just about everything in our lives cheaper. That could be good—except if you have lots of debt. And today, our economic system is awash in it. Perhaps that’s why, in the past few months, Federal Reserve Chairman Jay Powell has promised just the opposite—that the Fed is committed to creating inflation, come hell or high water. So what does the future hold—inflation or deflation? How will these dynamics effect politics? Investments? Cryptocurrency? Are we headed into a currency crisis? Are we caught in a debt bubble? This episode is a deep dive into the profound and complex relationship between technology, economics, central banks, and the future of our society.