Share this article
Why Debt Can’t Buy More Growth, Feat. Jeff Booth
A conversation with the “Price of Tomorrow” author on the key structural challenge looming over the global economy.
Updated Dec 11, 2022, 7:41 p.m. Published May 13, 2020, 7:00 p.m.
A conversation with the “Price of Tomorrow” author on the key structural challenge looming over the global economy.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fundhttps://grayscale.co/coindesk.
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.
See also: Surveying the Carnage: How Real Estate, Travel and Music Are Faring During the Crisis
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:
- How today’s system came to be designed
- Why policy makers are terrified of deflation
- Why inflationary policy punishes savers and forces them into riskier markets
- How policy that prioritizes asset holders over savers has significantly exacerbated inequality
- Why each dollar of debt is producing less real economic growth than ever before
- Why proposed “solutions” like MMT and UBI paper over the root causes of the problem
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
BTC, Nasdaq Futures Drop as Oracle Earnings Revive AI Bubble Fears
Oracle shares tanked after the firm revealed an earnings miss.
What to know:
- Bitcoin slipped below $90,000 as traders treated the Fed’s rate cut as a sell the news event, unwinding optimism that had been priced in ahead of the decision.
- Oracle shares fall 12% on earnings and capex guidance, yet credit market signals suggest a repricing of risk rather than distress.
Top Stories
