The author of 'The Price of Tomorrow,' Jeff Booth, has warned about debt deflation if the Federal Reserve continues to hike interest rates. ratehikes Fed bitcoin
The author of “The Price of Tomorrow,” Jeff Booth, has warned about debt deflation, calling it a “great depression on steroids,” if the Federal Reserve continues to hike interest rates. He believes that eventually the Fed “will be forced to pivot.”The author of “The Price of Tomorrow,” Jeff Booth, shared his thoughts in an Ask-Me-Anything session on Stacker News last week.
“One important consideration for people is to think in terms of lag effect…ie 18 months from when actions are set in motion,” he continued. “Remember when no inflation, transitory inflation, high inflation,” Booth added, cautioning: Booth published a book titled “The Price of Tomorrow: Why Deflation is the Key to an Abundant Future” in 2020. In his book, the author explored “the problem of how to integrate the deflation brought on by technology into a system where inflation has been the norm,” according to the book’s overview. Booth believes “we can avoid a looming economic crisis if we can learn to embrace what abundance brings, which could even be a world without work.
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