The Price of Tomorrow
Why Deflation Is the Key to an Abundant Future
We live in an extraordinary time. Technological advances are happening at a rate faster than our ability to understand them, and in a world that moves faster than we can imagine, we cannot afford to stand still. These advances bring efficiency and abundance—and they are profoundly deflationary.
Our economic systems were built for a pre-technology era when labor and capital were inextricably linked, an era that counted on growth and inflation, an era where we made money from inefficiency. That era is over, but we keep on pretending that those economic systems still work.
The only thing driving growth in the world today is easy credit, which is being created at a pace that is hard to comprehend—and with it, debt that we will never be able to pay back. As we try to artificially drive an economic system built for the past, we are creating more than just economic trouble.
On our current path, our world will become profoundly more polarized and unsafe. We need to build a new framework for our local and global economies, and soon; we need to accept deflation and embrace the abundance it can bring. Otherwise, the same technology that has the power to bring abundance to us and our world will instead destroy it.
In this extraordinary contrarian book, Jeff Booth, a leading mind and CEO in ecommerce and technology for twenty years, details the technological and economic realities shaping our present and our future, and the choices we face as we go forward—a potentially alarming, but deeply hopeful situation.
“Is this time different? Most economists say ‘no’—we’ve adapted to many technological revolutions before. In contrast, Jeff Booth says ‘yes.’ And thus begins a journey of ideas as he takes the reader on a tour de force, making his case for why that’s so and sharing revelations from his personal relationships with tech industry leaders along the way. To harness the power of technology for good, we need to understand how it is linked to humanity. In a sweeping analysis that draws upon economics, science, innovation, politics, psychology, sociology, and business, Jeff offers an intriguing thesis predicated on the deflationary impact of technological advancement coupled with increasingly easy credit. True to his impulse as an entrepreneur—a thinker, but also a doer—he concludes with a call to action. Business leaders, entrepreneurs, policy makers, and youth committed to working toward a brighter future should read this book.”
“As someone who understands the exponential rate that technology is advancing, Jeff Booth has a unique ability to connect the dots to something bigger in this must-read book. Few books offer a more succinct, provocative, and enlightening view of the world as it is today, and what it could be tomorrow. Your world view will transform instantly.”
$21.95 CAD • $18.95 USD
Published January 14, 2020