TSP Rewind – Let’s Talk About Liberty – Epi-235 — 2 Comments

  1. I agree with everything you said except deflation is just as bad as inflation. Are you familiar with Jeff booth? If you have some reading material or historical references that I can study to see why deflation is so bad I’d love to learn more about it. I remember watching these same republican debates and being equally upset afterwards.

    • The context here is deflation is bad in our current system. Booth like me is a huge bitcoin advocate, likely he is more a BTC bull than I am. Deflation in an economy run on a fixed asset like BTC or Gold is great, no problem. Deflation in a fiat economy is death. Ask anyone who lived though the 70s. What good are low prices if you still can’t afford anything. Great depression was the same, I remember my Grandfather saying, “I’d go down and see how cheap a box of apples were and simply thing damn that is cheap, why can’t I afford it”?