Jeff Booth, Discover and Read the Best of Twitter Threads by @JeffBooth

Jeff Booth

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1) Imagine a society where it was almost universally accepted that it was okay to take something from you, without your knowledge, and gives it to someone else.That is the

1) Many people believe that global warming/environmental destruction is humanities #1 challenge. 2) The scientific evidence is clear. It is a big problem with severe consequences for humanity. 3) So

1) Don't underestimate the power of a network effect Internet users in 1995 = 16 million Internet users in 2020 ~ 5 BillionFor those that don't remember the internet in

1) When the Fed and every other policy maker says they want inflation...What they are really saying is that they want "real" wages to go down. Repeated all over the

1) Exponentially increasing efficiency driven by technological progress REQUIRES a currency that allows for Deflation. 2) Think about that for a minute! I fully realize the consequences for the existing

1) Central banks believing they can escape a massive debt problem by exponentially adding more debt makes me think of this quote from Mises - "There is no means of

1) My wish! - that policy makers (on both sides of the isle) economists and major media would "actually" debate the merits of Deflation on a first principles basis instead

1) Just another example of a completely incoherent strategy......That will end miserably. @APompliano @PrestonPysh @CaitlinLong_ @RaoulGMI @LynAldenContact 2) Federal reserve (in a desperate effort to drive inflation) takes rates to

1) In the game Monopoly, once enough properties are owned by a single player, renters can't afford to pay rents and are therefore forced into bankruptcy - and the game

1) Technological deflation was impacting economies long before Covid19. With technology you would continue to get more for less. If natural forces were at play, prices of EVERYTHING would fall.