Summary
The Price of Tomorrow by Jeff Booth argues that technological progress drives deflation, but governments resist it by creating debt and inflation. This tension fuels inequality, instability and future crises. Booth contends that embracing deflation, rather than fighting it, could unlock abundance, sustainability and a more equitable global economy.
Ratings
Quote
The best leaders are constantly learning, curious about where they made mistakes and actively looking for areas where they might have it wrong.
Learnings
- Technology drives deflation: Advances in AI, automation, and digital platforms reduce costs and increase productivity.
- Our economic system relies on inflation: Central banks and governments need inflation to make debt manageable.
- A new system will be required: Embracing deflation through technology may require rethinking money (e.g. Bitcoin), jobs and distribution of wealth.
Review
The Price of Tomorrow is a brilliant, eye-opening read that reshaped how I think about technology, deflation and our economic future. Jeff Booth presents complex ideas with clarity and vision, leaving me both inspired and hopeful. It’s a must-read that challenges conventional wisdom while offering refreshing, optimistic insight.
Audience
- Business leaders & entrepreneurs: Business people can learn how technological advances reshapebusiness models.
- Youth & emerging leaders: Students, young professionals or future decision-makers who are eager to engage with forward-looking economic ideas.
- Tech enthusiasts: Anyone curious about the intersection of technology and economics who want to understand the long-term implications of innovation.