Listen to this episode:

In this off-the-cuff episode of Fed Watch, Christian and I delved deeper into the technology-driven deflation debate we started last week with our guest Jeff Booth.

We brought the “chicken or the egg?” conversation that was not completely resolved last time: is technology deflation first or inflationary environment first? In other words, which force is primary? We will revisit that topic, and also touch on the problem caused by the fact that not all technology is equally inflationary.

Also see


Modern finance preceded the industrial revolution and it is generally accepted that technological progress and economic stimulus are directly related. I tried to argue that it is the culture and capital structure that results from debt-based fiat money that drives massive technological advancements. Without debt-based fiat money, the deflationary pressures of innovation will return to the natural and gradual speed we saw during the days of the classic gold standard.

Ever thought about contributing to Bitcoin Magazine?

Bitcoin Magazine is currently seeking submissions for articles about Bitcoin’s unforgettable 2020 and what awaits Bitcoin in 2021. If you have ideas for articles and would like to contribute, please contact joe@bitcoinmagazine.com.


Ansel Lindner is an economist, author, investor and Bitcoin specialist. Find more from Ansel at BitcoinDictionary.cc, BitcoinAndMarkets.com and BTCM.co.





Source link