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A conversation with the “Price of Tomorrow” author on the key structural challenge looming over the global economy.
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Two powerful and diametrically opposed forces are shaping the economy.
On the one hand is inflationary economic policy, which keeps the price of assets like real estate and stocks rising ever higher, but at the expense of savings as the value of currency depreciates.
On the other is technology-wrought deflation. As technology increases its capacity exponentially, it causes everything it touches to be less expensive.
Jeff Booth is the author of “The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future.” In this conversation, he and NLW discuss:
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