Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Jeff Booth ⚡️ Profile picture
@JeffBooth
May 10, 2016 • 9 tweets • 2 min read • Read on X
I’ve been thinking lately about the new #techeconomy: the winners AND the losers, in the big picture.
Tech has made everything cheaper to produce, from cell phones to t-shirts. So why haven’t prices gone down, proportionately?

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Jeff Booth ⚡️

Jeff Booth ⚡️ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @JeffBooth

Jeff Booth ⚡️ Profile picture
Apr 6, 2023
To me, it is remarkable that:

1) Almost everyone on the planet seems to be “using/training” AI to make themselves more efficient without realizing that the improvement comes at the expense of their long term income.

And…..
2) While at the same time, advocating/reinforcing a monetary/political system that pushes prices higher through manipulated money.

And…
3) While failing to see the consequences of those 2 diametrically opposed paths….or how the path can’t be solved from within the system creating the problem.
Read 4 tweets
Jeff Booth ⚡️ Profile picture
Nov 13, 2022
A few lessons from "FTX" and "crypto"
a 🧵

1) Follow the money - It leads you to all sorts of people who will be "blinded" by it, or sacrifice their integrity to get it.
2) Counterparty risk......"the probability that the other party in an investment, credit, or trading transaction may not fulfill its part of the deal and may default on the contractual obligations" is very REAL!
3) Far bigger than FTX and "crypto"...... our entire financial system (ie - everything) relies on both part 1 and part 2 of this thread.....and only pretends it is solvent through the manipulation of money.
Read 4 tweets
Jeff Booth ⚡️ Profile picture
Apr 4, 2022
A 🧵
1) El Salvador has reaffirmed to me what I have learned from my travels throughout the world.

The vast majority of people in this world are beautiful people.

With similar hopes and dreams for a better life for themselves and their families, trying their best to achieve it
2) Media and governments, through a biased lens of manipulation, label these people as a group - and we then fall for it. In doing so, we fail to see the individual people on the other side.

In El Salvador, I, myself almost fell into the trap worrying about the gangs and crime
3) Instead, I found the most amazing people, volcanoes, beaches, and hidden gems,

Still early in a transition, but wildly exciting.

As @nayibbukele states it, A place you want to be.

h/t - @stacyherbert
Read 8 tweets
Jeff Booth ⚡️ Profile picture
May 15, 2021
1) Robert Solar on the productivity paradox.

“You can see the computer age everywhere but in the productivity statistics.”

Q - How do you measure productivity gains of the camera on your phone? Unlimited photos for free or nearly free with amazing editing capabilities.
2) Productivity has never been greater, and getting better at an exponential rate as technology plays an ever increasing role in our economies.

Economists don't see it because they're locked in a different system that requires NEVER ending growth. (measured in things)
3) Productivity gains in a world moving on the rails of technology and information = negative GDP.

and that has enormous consequences to a system - built on credit that needs to grow forever to "try" to pay back credit.
Read 7 tweets
Jeff Booth ⚡️ Profile picture
Apr 21, 2021
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 world we live in.

And it is called....... inflation.
2) In a more rational world, we might call inflation a "theft".

Taking $$ from the middle class and poor and gifting to the rich.

The more you have the more you are enriched. The less you have the more you are impoverished.

3) What would be the repercussions of a system based on a believable lie, that was really theft in disguise?

Maybe....Growing wealth inequality, racism, polarization of society, the end of the free market, unrest.
Read 8 tweets
Jeff Booth ⚡️ Profile picture
Feb 16, 2021
1) Serious question @BillGates.

How is possible to solve climate change from an economic system that REQUIRES inflation?
2) Instead of embracing the exponential technological gains that naturally bring deflation and broader based abundance, monetary policy (globally) is fighting it - keeping society on a treadmill of ever higher prices and needing more consumption and more production....forever.
3) The real "inconvenient truth" @algore is that climate cannot be solved from within a system that requires perpetual growth. (and will manipulate money to get it)
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

Become Premium to read this thread!

Read all the old archives from Twitter by becoming our Premium member for only $3/month! Read more »

Become Premium

Already a Premium member? Login to access this thread

:(