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
Theres the headlines this morning programming from. Just a few moments time well back in one hour to bring you the latest global news updates suitor. 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 have 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 abunda
Spreading in several counties. Alameda county reporting a new single day record a 334 new cases of covid19 and santa clara and Contra Costa County also reporting more than 200 new cases each a running list of coronavirus cases and deaths can always be found on our website kron 4 dot com. And all 9 bay area counties are currently on the states watch list which has forced the closure of so many businesses that had temporarily reopened now one barry county, the Health Officer there. Well is now calling out the state saying how counties get on that watch list in the first place isnt accurate for more now on the story to kron fours dan kerman he joins us now live from san bruno. Good evening. Dan. Good evening just in San Mateo Countys Health Officer is apologizing to businesses that he was forced to close a week ago because this county went on the states a watch list actually the last county of the 9 to go on the watch list. He is saying that this one size fits all approach by the state to
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