Welcome to Slate Sunday, CryptoSlate’s weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto.

Jeff Booth has been warning the world about how technology and debt don’t mix for over a decade. The Vancouver-born entrepreneur and author of The Price of Tomorrow: Why Deflation is Key to an Abundant Future says the financial system we live under is one giant illusion. It’s a construct that prevents the natural process of progress and innovation from benefiting everyone equally.

“The natural state of the free market is deflation,” Booth reminds me early in our conversation.

“When we compete to provide value to other people, we’re forced to keep providing more for less. And if you use technology, you’d expect the prices to fall really fast. That can’t happen through a debt-based system; they’re opposite systems. A debt-based system must expand forever.”

Booth, who led the tech company BuildDirect for nearly two decades and now runs venture firm Ego Death Capital, was named among Goldman Sachs’ 100 Most Intriguing Entrepreneurs.

He has spent the past several years speaking and investing around one central idea: the future doesn’t have to be dystopian. But to make it hopeful, we must choose different incentives.

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