This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Jeff Booth. He is the author of the new book titled The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future.

In this conversation, we discuss inflation, deflation, abundance, ESG goals are nonsense, Personal Greed vs Survival, Weimar Republic, Bitcoin, and the old system vs the new system.

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Pomp writes a daily letter to over 140,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

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TIMESTAMPS:

00:00 - Intro
00:10 - Inflationary systems vs Deflation systems
18:56 - What if we allowed deflation?
23:02 - Can the Fed ever stop printing?
27:09 - The new game of deflation
29:45 - Deflation creates abundance
34:00 - Non-capitalistic goals
37:27 - The growth of governmental power
40:18 - What happened in the Weimar Republic
43:39 - Why Jeff holds bitcoin
46:06 - The path to the global reserve currency
50:27 - Proof of Stake vs Proof of Work
53:01 - ESG goals in a fiat system
57:39 - Bitcoin solves climate change
01:00:31 - Transitioning out of this system
01:08:54 - Managing chaos in a deflationary system
01:11:04 - Where to learn more from Jeff