The Price of Tomorrow: Why Deflation is the Key to an Abundant Future

Jeff Booth

The Price of Tomorrow: Why Deflation is the Key to an Abundant Future, is a book written by Canadian entrepreneur and author Jeff Booth. The book was published in 2020 and explores the impact of technological advancements on the economy, particularly on inflation and deflation.

In the book, Booth argues that the accelerating pace of technological progress is rapidly driving down the cost of goods and services, causing a deflationary pressure that will fundamentally disrupt the global economy. According to Booth, this deflationary pressure is already evident in many sectors, including the music industry, publishing, retail, and transport.

Booth argues that governments, central banks, and policymakers are ill-equipped to handle this deflationary pressure and have resorted to inflationary policies such as quantitative easing and low-interest rates to try to stimulate demand. However, Booth argues that these policies are simply delaying the inevitable and will ultimately lead to a larger economic collapse.

Instead, Booth suggests that embracing deflation and allowing the free market to adjust to the new technological reality is the only way to achieve sustainable economic growth and abundance. He argues that businesses and individuals need to adapt to this new reality by focusing on innovation and finding ways to create value in a deflationary environment.

Overall, The Price of Tomorrow is an insightful exploration of the impact of technology on the economy and a thought-provoking analysis of how we can navigate the challenges and opportunities of a deflationary future.

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