Investing: Deflation trends towards abundance

Summary notes:

This episode discusses the concept of deflation.  Deflation runs counter to the current world's banking system that runs on inflation. The book "The Price of Tomorrow" by Jeff Booth explains that deflation is a good thing because it means the cost of living is going down over time. Technology is a manifestation of our understanding of the laws of the universe and as our knowledge of those laws expand, it should lower the cost of things. However, humans build their value structure on top of those old prices and resist those lower costs. Politicians pass legislation to regulate prices and keep them artificially high, which goes against the laws of nature, where the prices should be free and abundant.

Whether you experience deflation or inflation comes down to where you keep your savings and where you deploy your talents.  

Timestamps

0:01:50 Exploring the Benefits of Deflation

0:04:06 Exploring the Impact of Technology on the Economy and Cost of Living

0:12:24 The Impact of the Gold Standard on the American Economy

 

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Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.