2020 ThePriceofTomorrowWhyDeflationi
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- (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 | |
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2020 ThePriceofTomorrowWhyDeflationi | Jeff Booth | The Price of Tomorrow: Why Deflation is the Key to An Abundant Future | 2020 |