The Price of Tomorrow: Why Deflation is the Key to an Abundant Future
- Book
- Apr 24, 2018
- #Economics #Technology #Money
Book

ISBN: 1999257405
ISBN-13: 9781999257408
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Your book did an amazing job on that.. The frontiers of innovation and how it might change the way we organize ourselves in the world.. Really good book.

The best book I have ever read. Real life experience. Not some armchair academic thesis on how markets and companies work. And correct not #btc focused but the conclusion becomes obvious.

The Bitcoin Standard is arguably the most comprehensive book for explaining the value proposition and infallibility of Bitcoin in a fiat system.

The price of tomorrow by @JeffBooth - his chats on YouTube are arguably just as good if not better 💥💥

- The Price of Tomorrow to add a bit of a counter to the usual suspects. Super important thesis with only a few actual pages related to #bitcoin

Is this time different? Most economists say "no" - we've adapted to many technological revolutions before. In contrast, Jeff says "yes". And thus begins a journey of ideas as he takes the reader on a tour de force, making his case for why that's so and sharing revelations from his personal relationships with tech industry leaders along the way. To harness the power of technology for good, we need to understand how it is linked to humanity. In a sweeping analysis that draws upon economics, science, innovation, politics, psychology, sociology, and business, Jeff offers an intriguing thesis predicated on the deflationary impact of technological advance coupled with increasingly easy credit. True to his impulse as an entrepreneur - a thinker, but also a doer - he concludes with a call to action. Business leaders, entrepreneurs, policy makers, and youth committed to working towards a brighter future should read this book.
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We live in an extraordinary time. Technological advances are happening at a rate faster than our ability to understand them, and in a world that moves faster than we can imagine, we cannot afford to stand still. These advances bring efficiency and abundance—and they are profoundly deflationary. Our economic systems were built for a pre-technology era when labour and capital were inextricably linked, an era that counted on growth and inflation, an era where we made money from inefficiency. That era is over, but we keep on pretending that those economic systems still work. The only thing driving growth in the world today is easy credit, which is being created at a pace that is hard to comprehend—and with it, debt that we will never be able to pay back. As we try to artificially drive an economic system built for the past, we are creating more than just economic trouble. On our current path, our world will become profoundly more polarized and unsafe. We need to build a new framework for our local and global economies, and soon; we need to accept deflation and embrace the abundance it can bring. Otherwise, the same technology that has the power to bring abundance to us and our world will instead destroy it. In this extraordinary contrarian book, Jeff Booth, a leading mind and CEO in e-commerce and technology for 20 years, details the technological and economic realities shaping our present and our future, and the choices we face as we go forward—a potentially alarming, but deeply hopeful situation.