Jeff Booth warns of guilty deflation if the Federal Reserve further increases interest rates - Economics
Jeff Booth warns of guilty deflation if the Federal Reserve further increases interest rates - Economics
The author of "The Price of Tomorrow", Jeff Booth, warned of guilty and described it as "great depression on steroids" if the Federal Reserve further increases interest rates. He believes that the Fed will "be forced to change" at the end.
Jeff Booth warns of the danger of continued Fed interest rate increases
The author of "The Price of Tomorrow", Jeff Booth, announced his thoughts last week in an ASK-Me-Anyding session on Stacker News. Among the numerous questions that were asked was whether he believes that the latest interest rate increases in the Federal Reserve would actually cause widespread deflation. Booth replied:
If you continue to hike, it will become "at some point" to a fault fraction - or loan destruction. (Ala great depression on steroids). Finally they are forced to turn.
"An important consideration for people is to think about the delay effect ... DH 18 months after measures have been started," he continued. "Remember when no inflation, temporary inflation, high inflation," added Booth and warned:
This tightening only started in September and the Fed reduced its balance sheet by 2.7 % last year - with consequential damage ... If you continue ... ugly.
Booth published a book entitled "The Prize of Tomorrow: Why Deflation is the key to a rich future". The standard was, ”says the overview of the book. Booth believes“ that we can avoid an impending economic crisis if we learn to accept the abundance that could even be a world without work. ”
Booth has long been a Bitcoin supporter. In May last year, he said: "Bitcoin will give the billions of people on our planet who should have had at all, individual rights and freedom." The author of Price of Tomorrow tweeted on Friday:
We live in a world of abundance, limited by a scarcity of the financial system. And although many do not recognize it because they are still caught in the system that requires scarcity, Bitcoin is the key that releases the abundance.
Do you agree Jeff Booth about the Fed, guilty and Bitcoin? Let us know in the comment area below.
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