The Price of Tomorrow: Why Deflation is the Key to an Abundant Future
- Downloads：5042
- Type：Epub+TxT+PDF+Mobi
- Create Date：2021-05-09 10:54:27
- Update Date：2025-09-06
- Status：finish
- Author：Jeff Booth
- ISBN：1999257405
- Environment：PC/Android/iPhone/iPad/Kindle
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Reviews
Ryan Berube
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Really great high-level thinking and a thorough examination。
Michael
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2。5 stars
Mariana Sanchez
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This book really helps you build a perspective of what is currently going on in the world economically and socially speaking and all the effects that the current monetary system has in our lives， even if we don't notice these effects 100% of the time。 The governments responses to crisis have been detrimental to our economic system， creating incentives for immorality in the market， widening the wealth gap and ultimately creating polarized societies。The author makes the case for a true free-market This book really helps you build a perspective of what is currently going on in the world economically and socially speaking and all the effects that the current monetary system has in our lives， even if we don't notice these effects 100% of the time。 The governments responses to crisis have been detrimental to our economic system， creating incentives for immorality in the market， widening the wealth gap and ultimately creating polarized societies。The author makes the case for a true free-market system very compelling， where technological advancements allow deflation to take place， moving away from the notion that perpetual growth is required for an economy to thrive。 He also points out the fact that Bitcoin （a decentralized monetary system） is the way out of this artificially inflationary system made possible by government's manipulation of fiat money， although this discussion is only superficially touched， as it's only mentioned in the last few pages of the book。 。。。more
Gregor Schafroth
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Interesting
Anirudh Somani
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One of the finest books that you will come across when it comes to understand the impact of technology on macro economics。 Understanding the impact of debt crises， what are the options that lay in front of usA must read
Manish Gvalani
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It’s a very well explained thesis on why deflation is coming our way and how it could disrupt the existing power structures globally。。 it’s an easy read and will surely make you think about your actions （career/business/investing） today so that you could benefit from tomorrow 。。 I highly recommend it ， especially for understanding the dynamics of deflation and inflation 。。 there is a lot here than what meets the eye in regular press。。
Cody Eastgaard
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Not at all what I expected based on the title。 Author goes into the deflationary impact of technology and how we should embrace it in order to create a more equitable society。 First and last chapters were my favourite。
Catalina
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I’m generally hesitant to give five stars to a book， especially a non fiction book that deals with problems and solutions and ideas: mostly because I hesitate to fully champion one set of ideas （as explored by the book） before I’ve sifted through all the others。The thing that this book really gave me personally though wasn’t just the proposed solutions to today’s social and economic chaos and inequality， it was the explanation of why those problems exist in the first place。I’m a total beginner w I’m generally hesitant to give five stars to a book， especially a non fiction book that deals with problems and solutions and ideas: mostly because I hesitate to fully champion one set of ideas （as explored by the book） before I’ve sifted through all the others。The thing that this book really gave me personally though wasn’t just the proposed solutions to today’s social and economic chaos and inequality， it was the explanation of why those problems exist in the first place。I’m a total beginner when it comes to economics。 Like baby bird beginner。 I was looking for a place to start with the big complicated world of economics where one explanation seemed to need a million others to explain it。 This book gave me the answers clearly and simply to such questions as why has Jeff Bezos got nearly two hundred BILLION dollars when billions of other people are living in poverty？ and why do houses cost more each year but iPhones cost less？It gave me the big picture of the socioeconomic world in relation to the future and technology that I needed。 It tied different fields together instead of looking at them in isolation。 And the book explained it in simple terms that even I could understand。It also proposed possible solutions: many of them for a much brighter future--one that， as a younger person， I’m excited to live in。 。。。more
Gabriel
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Awesome
Tom Rogers
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Core idea is great but felt the analysis needed more depth and explanation。
Denis
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As someone who's in the IT industry （java developer） I already read about most of these tech related topics， and I purchased this because I wanted to learn more about the deflation ideas which Jeff Booth talked about in some interviews。 While the book does contain some new， interesting and well structured information， I feel that something is missing。 And that something is a painting of a deflationary world and some concreteness about how we're going to get there from the current financial syste As someone who's in the IT industry （java developer） I already read about most of these tech related topics， and I purchased this because I wanted to learn more about the deflation ideas which Jeff Booth talked about in some interviews。 While the book does contain some new， interesting and well structured information， I feel that something is missing。 And that something is a painting of a deflationary world and some concreteness about how we're going to get there from the current financial system。 All I concluded as a personal solution to the massive inflation problem is to just buy Bitcoin。 。。。more
Janne
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I found this book interesting and valuable。As title suggests， the book explores core issues in the world today and proposes simple solution called deflation。 Deflation is inherent in technology and in nature at times when things become abundant。 When things are abundant they are either free or cheap。 Jeff Booth suggests that perhaps we should not fight inflation， but to embrace deflation in order to create brighter tomorrow。 One such tool to use is Bitcoin， that is already a life saver money in I found this book interesting and valuable。As title suggests， the book explores core issues in the world today and proposes simple solution called deflation。 Deflation is inherent in technology and in nature at times when things become abundant。 When things are abundant they are either free or cheap。 Jeff Booth suggests that perhaps we should not fight inflation， but to embrace deflation in order to create brighter tomorrow。 One such tool to use is Bitcoin， that is already a life saver money in many countries that are suffering from high inflation。"Our lives are defined by how we impact others。" - Jeff Booth 。。。more
Mark Mulvey
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"Technological advances are happening faster than our ability to understand them。 In a world that moves faster than we can imagine， we cannot afford to stand still。 We cannot afford to cling to systems and pretend they are working because they did in an era before technology。 Continuing on the existing path， without significant changes to the way we think about economics and the way we have constructed economies will ensure chaos。 On this path， the price of tomorrow is set to explode。 In this ex "Technological advances are happening faster than our ability to understand them。 In a world that moves faster than we can imagine， we cannot afford to stand still。 We cannot afford to cling to systems and pretend they are working because they did in an era before technology。 Continuing on the existing path， without significant changes to the way we think about economics and the way we have constructed economies will ensure chaos。 On this path， the price of tomorrow is set to explode。 In this extraordinary time， it is not reasonable to believe that what will work in the future should necessarily be built on what worked in the past。""Error correction is the basis of all intelligence。" 。。。more
Partha S Banerjee
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One of the best books I have read of late which provides insights into the dynamics we are seeing in the financial markets and also how they are pushing the levers of global policy and human lives。
Calvin Lee
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Too much hand-waving and unsubstantiated claims。Overall interesting world view
Deren
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government says: increase debt and inflation， and we won't have to fret over the growth of our nation。 but this is just procrastination of our economies inevitable devastation。technology says: hippity hoppity the people's jobs are now my property。jeff booth says: （chuckles） we're in danger but also，modern problems require modern solutions and innovate。 adapt。 overcome。 government says: increase debt and inflation， and we won't have to fret over the growth of our nation。 but this is just procrastination of our economies inevitable devastation。technology says: hippity hoppity the people's jobs are now my property。jeff booth says: （chuckles） we're in danger but also，modern problems require modern solutions and innovate。 adapt。 overcome。 。。。more
Vasko
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Starts off nice with the dynamics of deflation and technology， but then veers off into platitudes about behavioural tests that have already been rehashed over and over again with adding anything new。 No new vision for the future other than simple acceptance of cyberimplants （lol）。 Disappointing。
Daniel Lang
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Very insightful read。 Jeff's take on how accelerating technological advancements should lead to a deflationary environment where your purchasing power goes up and up and how this is in stark contrast to the fiat currency inflated economic system we live in is so true。 Must read！After reading this I watched some of his （Real Vision） interviews on YouTube - also highly recommended （e。g。 COVID-19 and The Acceleration of Secular Deflation （w/ Raoul Pal & Jeff Booth））。 Very insightful read。 Jeff's take on how accelerating technological advancements should lead to a deflationary environment where your purchasing power goes up and up and how this is in stark contrast to the fiat currency inflated economic system we live in is so true。 Must read！After reading this I watched some of his （Real Vision） interviews on YouTube - also highly recommended （e。g。 COVID-19 and The Acceleration of Secular Deflation （w/ Raoul Pal & Jeff Booth））。 。。。more
Christian Sala
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A few good ideas supported by very superficial analysis and thinking。 Half of the book is off topic and disconnected。 For example， some basic concept of behavior economics and game theory is presented without clarity on what is the point being made and how it is connected with what should have been the main concept of the book。 I have also listened a few podcasts where the author was the main guest and he avoided all the occasions of going deeper with the analysis even when host asked for that。 A few good ideas supported by very superficial analysis and thinking。 Half of the book is off topic and disconnected。 For example， some basic concept of behavior economics and game theory is presented without clarity on what is the point being made and how it is connected with what should have been the main concept of the book。 I have also listened a few podcasts where the author was the main guest and he avoided all the occasions of going deeper with the analysis even when host asked for that。 Makes me think that the entire concept has not bee explored in anything but mere surface， which makes it for a good bar chat and nothing more。 。。。more
Nikola Bakic
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Very good book packed with a lot of very interesting observations。 The biggest takeaway is that deflationary forces being unleashed by the modern tech/industrial revolution are creating a painful tug of war with the global economic system that's predicated on monetary inflation required to deal with unplayable debts。 It's a very interesting， although not entirely original analysis。 There is however something new and refreshing here given that we are offered to look at this problem from the lense Very good book packed with a lot of very interesting observations。 The biggest takeaway is that deflationary forces being unleashed by the modern tech/industrial revolution are creating a painful tug of war with the global economic system that's predicated on monetary inflation required to deal with unplayable debts。 It's a very interesting， although not entirely original analysis。 There is however something new and refreshing here given that we are offered to look at this problem from the lenses of a highly successful and very well read tech entrepreneur。 Jeff Both tries to be very multidisciplinary in his writing and his effort is highly commendable。 However he ends up touching on too many things superficially。 Feels like he scratches the surface on a lot of very interesting and complex subjects such as global monetary system， the dead end of capitalism， modern tech monopolies， creative destruction， global inequality， solutions to inequality such as UBI， etc。 So he tries to unpack a lot of complex issues there and somehow runs out of pages （the book is only 200 pages long）。 I really enjoyed reading the book， however it just feels shallow and incomplete。 To be considered a serious work this would have had to be a 500-600 pager with a deeper dive on each of the chapters of the book。 。。。more
Chris Boutté
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As I venture into the world of investing and trying to be a little smarter with my money， I asked for book recommendations， and a buddy recommended this one。 This book from Jeff Booth discusses how technology has changed our economy， and although I'm a millennial who grew up during the tech boom， this book had a lot of interesting insights。 I appreciated how the book gave a more nuanced view of the pros and cons of our culture moving more towards tech rather than taking a black and white stance。 As I venture into the world of investing and trying to be a little smarter with my money， I asked for book recommendations， and a buddy recommended this one。 This book from Jeff Booth discusses how technology has changed our economy， and although I'm a millennial who grew up during the tech boom， this book had a lot of interesting insights。 I appreciated how the book gave a more nuanced view of the pros and cons of our culture moving more towards tech rather than taking a black and white stance。 But as a psychology nerd， I really loved the 2nd half of this book for integrating cognitive psychology with solutions for moving forward。 。。。more
Joao
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Jeff does an amazing job describing that economic models that we used for the last 200 years will not work for the remaining of this century。 The basis of his theory is around technology huge deflationary powers battling creeping global debt and its inflationary model。 Guess who is going to be the winner of this battle？ I bet on tech。Totally recommend if you want to understand what is going on and possible solutions to the imminent problem。 5 star book！
Brian Sachetta
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I did zero research on this title before buying it。 I was actually listening to a book on Bitcoin when I saw a suggestion for it pop up， so I figured it had to be related to cryptocurrencies or something similar。 With that thought， I added it to my reading list and resolved to come back to it after I finished my aforementioned crypto book。When I later searched for this one on Amazon， I was surprised to see “Homo Deus” （a dark book about the future） right below it in the search results。 I didn’t I did zero research on this title before buying it。 I was actually listening to a book on Bitcoin when I saw a suggestion for it pop up， so I figured it had to be related to cryptocurrencies or something similar。 With that thought， I added it to my reading list and resolved to come back to it after I finished my aforementioned crypto book。When I later searched for this one on Amazon， I was surprised to see “Homo Deus” （a dark book about the future） right below it in the search results。 I didn’t think the two were related at all。 Though confused， I ignored my surprise， bought this one， and started it without digging any further into my initial uneasiness。As I plowed through the first few chapters， I found that I was fairly hooked。 They talked a lot about economics and financial policy， suggesting that such subjects were what the whole book would be about。 Even without having done any research on this one prior to purchasing it， those sorts of things were exactly what I was hoping to find here。After the first third （or so） of the book， however， things took a strange turn。 One minute Booth was talking about credit markets， and the next， he was going on about artificial intelligence， the singularity， and doomsday-esque scenarios。 Not only did I not think these two parts connected very well， but I also had no interest in reading about the subjects of the second one。 They caught me off guard and brought the vibe down quite a bit。The book continued with this “scary tech future” concept until the last few pages。 There， it strangely tried to tie back to one of the concepts from the beginning of the book — letting deflationary technologies play out naturally， in the markets and our lives in general， rather than fighting them。 I didn’t think it was a terrible conclusion; I just thought it wasn’t supported well enough by the chapters that preceded it。I did enjoy Booth’s final suggestion that our lives are defined by the positive impact we have on others。 That was a fairly nice touch and a good takeaway after a somewhat depressing and confusing book。 But it was still too little too late and fairly unrelated to the rest of the book。 So， while there are certainly some good moments in this one， overall， I’d say that its jumpiness and lack of cohesiveness make it worth passing on。-Brian SachettaAuthor of “Get Out of Your Head” 。。。more
Tri Dung Tran
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Jeff Booth published The Price of Tomorrow at a quite right time – as soon as the Covid19 started spreading around the world。 While the world populace was entering the most uncertain time ever， Jeff added one challenge with the question “Are we ready for a deflationary world？”For decades， even centuries， people have lived in an inflationary world where prices keep increasing。 Evolutions of technology， especially those of information and data in the 21st century， are game changer。 Technology is b Jeff Booth published The Price of Tomorrow at a quite right time – as soon as the Covid19 started spreading around the world。 While the world populace was entering the most uncertain time ever， Jeff added one challenge with the question “Are we ready for a deflationary world？”For decades， even centuries， people have lived in an inflationary world where prices keep increasing。 Evolutions of technology， especially those of information and data in the 21st century， are game changer。 Technology is becoming a deflationary force so great that， in the end， nothing we do will stop it。 Tech giants are offering us more information， utilities， and benefits for less prices。 （And we should think about what else the giants take from us beyond our money and time。）Deflation， put simply， is when you get more for your money— just as inflation is when you get less for your money。 Deflation is not intrinsically good or bad。 It just matters where you put your money。 The American dream espouses the idea that no matter who you are， if you work hard enough or are innovative enough you can achieve almost anything you desire。https://vebimo。wordpress。com/2021/01/。。。 。。。more
Trung
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Marvelous。 Must read 2021
Diego Fabbro
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Very interesting reading。The author describes all recent technologies scopes that can change the world in a distruptive and deflationary force。
Ioannis
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Great book to get you thinking
Daniel Carlander
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It was brief and that was welcome。More questions than answers。Thought provoking read。
Attila
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Review:It was a very book on our world and where are we headed。 I love reading about the future and how will it look like。 It made an interesting point on the deflationary nature of technology， and how it will change our lives。However， I am not sure if a deflationary system is good， but maybe that's because society and my pre-existing beliefs influence my thinking。 Inflation helps with customer spending， in a deflationary system everybody would want to save， not spend。 When you begin your carrie Review:It was a very book on our world and where are we headed。 I love reading about the future and how will it look like。 It made an interesting point on the deflationary nature of technology， and how it will change our lives。However， I am not sure if a deflationary system is good， but maybe that's because society and my pre-existing beliefs influence my thinking。 Inflation helps with customer spending， in a deflationary system everybody would want to save， not spend。 When you begin your carrier you would have the highest salary， and it would decrease through the years。 That's not good for your psychological health， you don't like seeing your wage constantly decreasing。Main points:（view spoiler）[our economic system was designed for a different timeour economy is based on inflationgovernments are working hard to keep inflation， because debtsthe 2008 crisis was because credit was removedour world is based on credit， countries are investing in each otherthe ones who don’t have access to credit suffertechnology is deflationarywe get greater benefit， and the price continues to fallcapitalism is based on a near-constant flow of innovative entrepreneurs breaking monopolies and then themselves creating new onesnow technology is disrupting many of the old companiesWith AI and data innovative entrepreneurs might not have a chance of competingplatforms gained a tremendous market share， because network effectthe world’s debt has grown 50% since the global financial crisis of 2008， instead of being written downcleaning process is built into the economy， without stimulus the whole thing would fall apart， but that’s normalit’s hard to think about beliefs that we think they are facts， governments always liveOur minds， through repetition or emotion， learn things and then， having committed them to memory， rely on this information and often never question it again; we put our energy into other things we deem more important。technology is growing very fast， most of us work in the inefficiencies that technology will replaceThe simple power of technology is that it allows for abundance without the same number of jobs or income。。。 if we let itenergy consumption reflects economic growthour energy is based on fossil fuels， but we generate more heat into the atmosphererenewable solar power will keep energy prices falling， energy is a major input to almost everything， its deflationaryAI-s will arrive， it is only a question of the timelineError correction is the basis of all intelligenceaccess to information enables progressInformation and knowledge have been expanding exponentially as we build on past learnings and as we improve our technology， after a while we won’t be able to keep upwith information and compute power computers will be able to make better decisions than uscurrent platforms use narrow artificial intelligencetech products are designed with psychology in mindhumans have the tendency to create us versus themextremism is on the risewith technological innovation there will be less incentive to cheat or betraywe should embrace deflation（hide spoiler）] 。。。more
Viktor Borisov
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