35 closer in town than was for i dont think were a part of america or thirst for. Hi im max kaiser welcome to the kaiser report Summer Solutions thats right we solve all the worlds problems by bringing in the biggest genius to the way we know that ive ever been on the show and were going to talk about a very scary the word and that of course is the flakes and joining us former tech entrepreneur jeff booth hes the author of the price of tomorrow why deflation is the key to an abundant future this book has caught fire amongst accept a community they Call Community all communities its really a fantastic book stating so jeff but i want to ask you because deflation is usually associated with depression and bad times and nobody likes us but based on the title of your book the key to an abundant future it sounds like youre quite optimistic about deflation so how exactly do you define deflation and how might it lead to abundance transitioning from an inflationary world to what the flexner. Peo
You just ask about what technology does its close to remove labor right thats why we use it no company ever goes and builds technology increases technology so that their costs go out or their market share in a cigar they use it to reduce labor and they use it to buy the fund and whats happening is is you have the Work Technology moving at an exponential pace driving rate driving prices down and governments all around the world are caught in an inflationary trap that they created of themselves out of Monetary Policy fighting against force and i would ask a simple question isnt it good when the value of your money goes up and prices go down but for you personally and so so if we can see that that could be a good thing. And that means we could work less time and the abundance from technology would be broadly distributed instead of being concentrated like it is today i caught something that much i want to focus on this big ben read your book and ive talked to a couple times and you emphasi
Created of themselves out of Monetary Policy fighting against force and i would ask a simple question isnt it good when the value of your money goes up and cut prices go down but for you personally and so so if we can see that that could be a good thing. And that means we could work less time and the abundance from technology would be broadly distributed instead of being concentrated like it is today i cut something now much i want to focus on this big ben read your book and ive talked to a couple times and you emphasize that the transition to a deflationary economy i think thats key because we had to flush our economy back in the 1800s are so under a cult standard which was a very productive era and it worked wonderfully to kape have a check and balance on world trade but then there was a transition to money system or an inflationary system that was a bandaid and kept adding more bandaids onto an underlying structural problem and that was budget deficits and political. Problems and al
Stop the rate of Technology Progress and if you just ask about what technology does its close to remove labor right thats why we use it no company ever goes and builds technology it increases technology so that their costs go out or their market share in a cigar they use it to reduce labor and they use it to buy the fund and whats happening is is you have the Work Technology moving at an exponential pace driving rate driving prices down and governments all around the world are caught in an inflationary trap that they created of themselves out of Monetary Policy fighting against force and i would ask a simple question. Isnt it good when the value of your money goes up and prices go down like for you personally and so so if we could see that could be a good thing and that means we could work less time in the abundance from technology would be broadly distributed instead of being concentrated like it is today i caught something that much i want to focus on this big ben read your book and
Classrooms. So if you look at the transit piece, did that cause any delay because of this project and, again, what methodology did you use to sort of measure that . Question, presiden yes, president yee, w we used three sources of delay and two deal with, basically, increases in vehicular Traffic Congestion from the project. So theres the sheer number of new vehicle trips, as well as reason industry delay, where the transit vehicle may pull to the side and try to get back into the transit lane if theyre stopped at a stop and thats too sources of delay and the third source is the increase from transit riders from the project on to the project vicinity. We found that under projects conditions, that the project would not have a Significant Impact on transit delay. Under cumulative conditions, so, again, going back to your earlier question, with the growth, we concluded the combined impacts could result in a transit delay impact and thats because we didnt have a ton of information from cit