2020 ThePriceofTomorrowWhyDeflationi

(Booth, 2020) ⇒ Jeff Booth. (2020). “The Price of Tomorrow: Why Deflation is the Key to An Abundant Future.” Smashwords Edition. 9781999257408

Subject Headings: Deflationary Factor/Cause.

Notes

The book argues that technological advancements are inherently deflationary and that embracing this deflation could lead to a more abundant future.
The book highlights how the current economic system relies on perpetual inflation fueled by increasing debt, which Booth considers unsustainable in the long term.
The book discusses the impact of network effects in modern technology companies, showing how these effects lead to deflationary pricing as companies scale.
The book explores the exponential growth of AI and automation, predicting that these technologies will reduce costs across industries but may also result in significant job displacement.
The book critiques the concentration of wealth caused by low interest rates and asset inflation, linking it to rising social inequality and populism.
The book suggests that rather than resisting deflation, society should embrace it, allowing technology to lower prices naturally and accepting the resulting abundance.
The book concludes by proposing that a fundamental reset of the global financial system might be necessary to manage deflationary pressures sustainably, drawing a parallel to the Bretton Woods Agreement.

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	Author	volume	Date Value	title	type	journal	titleUrl	doi	note	year
2020 ThePriceofTomorrowWhyDeflationi	Jeff Booth			The Price of Tomorrow: Why Deflation is the Key to An Abundant Future						2020