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  • The Price of Tomorrow

  • Why Deflation Is the Key to an Abundant Future
  • Written by: Jeff Booth
  • Narrated by: Brian Troxell
  • Length: 5 hrs and 49 mins
  • Unabridged Audiobook
  • Categories: Money & Finance, Economics
  • 4.8 out of 5 stars (368 ratings)

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Publisher's Summary

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 and 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 e-commerce and technology for 20 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.

©2019 Stanley Press (P)2020 Stanley Press

What listeners say about The Price of Tomorrow

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old hat, homo deus did it

a broad overview of popular technology trends... if you're interested in tech issues, you're probably already beyond this book, so likely not worth your time ... also has very little to do with monetary policy, making the title somewhat deceptive

3 people found this helpful

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Excellent Read

Excellent read and perfect timing for this book to come out. Wasn't too long, but a ton of useful and engaging information about debt, technology, and the future. A must read/listen!

3 people found this helpful

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The destruction of money.

Luddites revisited. Technology has and will change the nature of work. Disruptive yes but faith in human adaptability should prevail. One thing is certain, money is too important to allow it to be created at the whim of any government.

2 people found this helpful

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A new perspective

Jeff Booth really hit the mark with his work. Its the kind of book that acts like an important piece of a puzzle in the world that we live in today. for me personally it changed the way i look at investing. No one can really predict the future. but this book helps you to get a glimpse of what the future holds. Thank you Jeff for this amazing work.

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did not discuss inflation

the book did not in any substantial way discuss or argue for deflation. it kind of meanders between a bunch of random sporiatic topics within the technology industry. it does not make any sort of cohesive argument and is largely just a bunch of anecdotes

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Groundbreaking!

This book should be mandatory reading for all highschool students.

Jeff Booth is brilliant and he illustrates the issues with the current economy perfectly. I always recommend this book, along with the Bitcoin Standard to anyone interested in learning about the economy and cryptocurrencies.

Great work Mr. Booth!

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  • pm
  • 2020-09-27

Strong start, becomes just silly TED talk rhetoric

Really good beginning, but builds up to become Michael Gladwell scientism. You can never usher the words “free lunch” when referring to energy production and want to be taken seriously.

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A must read/listen

The final chapter says it all! Government holds back tech and subsequently, society, by fighting the natural economic deflationary pattern of progress.

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Relevant before covid, not in 2022

everything is more expensive, I don't see any deflation in anything, great book otherwise

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A Hopeful call to action - Finance our own future.

We hear new ideas everyday but very often get distracted so fast we forget and never return to what could have been life changing even world changing.
Our world economy is simple to correct, prohibit externalities embrace our world resources our people and our technology to free humans from work by sustainable and ever efficient practices.
Jeff Booth has done us a huge service and I recommend everyone listen to this valuable book with wonder and acceptance.
We could put the top ten technology designers in every area of life in the same room and experience this exponential expansion of the resulting technology so fast it would make you feel like a member of the Jetson’s.
The best part is we could give everyone better quality of life and reverse the sustainability of our planet simultaneously.

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  • Tim Kennedy
  • 2020-05-20

I've got this on constant repeat, 3 times already

I had some of the ideas in this book swimming around in my head, but not until I read this book did the lights really click on and connect what's happening to the markets and the economy. Booth puts it all together and tells a well-structured narrative about how our inability to see and admit whats right in front of our faces could result in a bleak outcome. We need to make the ideas in this book mainstream so that we are not so blindsided. Currently, we are headed off a cliff trying to preserve an old archaic economic model. Technological advances will soon crush any idea we have of maintaining that system. Booth convincingly argues the inevitability of this. We need to prepare now!

This book is not a fluffy academic exercise and doesn't contain flowery prose. Jeff Booth is simply trying to wake us all the hell up! In much the same way that Kahneman's Thinking Fast & Slow was successful in turning the onus on the reader, Jeff uses real examples to show how our minds trick us into not seeing the inevitability in front of us, especially when it comes to understanding exponentials, another Kahneman fave.

This book is like when Ed Thorp published Beat the Dealer about his new blackjack strategy in the 50s. At first it was ignored, then Vegas laughed at it. Now today, when you walk into a casino to play blackjack, they deal 6 decks and shuffle in the middle, all because of that book still. They were forced to change. We will be too.

I've also listened to all the podcasts Booth has been on. He is authentic and sounding an alarm out of genuine concern for humanity.

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  • Ryanman
  • 2020-06-25

He drinks all the kool-aid

He believes in all the pipe dreams like Elon Musk, bitcoin, and every bubble like tech startup. The rest of the book is a long winded elementary level oversimplification of various economic and psychology related theories. He is too optimistic about AI and tech. The only thing I took away that was useful to consider from this book was that technology may act as one of the many deflationary pressure against which central banks will continue to fight. However the book was way too long for all of that.

17 people found this helpful

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  • Angela M Wilson
  • 2020-06-12

brilliant

thought it was a solid easy listen, right on all accounts but superficial till the last chapter. then I got a bit upset as he touched on some areas I understand extremely well..... but the closer. wow.

this is how you build a coalition. through both truth and relating with others. nothing else can work.

11 people found this helpful

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  • Anonymous User
  • 2020-05-23

So much wisdom

I'm half-way through second listening. Too many important ideas and well-developed insights to get it all on one pass. If I could recommend just one book today, this is it -- ESPECIALLY to young people.

9 people found this helpful

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  • D. Ryan
  • 2020-05-09

probably the best audiobook I've listened to.

thought provoking and powerful, this book will likely change your worldview. this should be required reading for every citizen of every nation everywhere.

narration was excellent. I own the ebook too. I have a hard time finding audiobooks that meet or exceed expectations; this is one of the few.

8 people found this helpful

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  • Dreamer
  • 2020-04-15

Focus on the real topic, not on political labeling

Mr. Booth shouldn't get into political labels, such as "far-right AfD". Stick to economics please.

7 people found this helpful

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  • Matthew C Conlan
  • 2021-01-02

Solid overview of technological deflation...

....light on real solutions

3.5 of 5 stars (4 stars if removing “Us vs Them” chapter 10 and solutions for resolving our current economic imbalances)

Jeff Booth seems like a well read businessman who has the advantage of Executive experience when discussing technological development. His understanding of game theory, cognitive biases and exposure to great modern thinkers (Taleb, Shannon, Kahneman etc) make most of this a thoughtful and enjoyable read.

Booth’s central theory - that rapid advancements in IT are driving unprecedented deflation throughout the world economy is sound as is his criticism that rapid debt inflation is failing to address massive wealth inequality and making the situation worse.

While his attempts to address these challenges seem sincere, they are at best superficial and seem to lack an understanding of the deeper root causes of our current crises. The reasons for human conflict, though often based on scarcity, go beyond simple “Us vs Them” explanations.

The performance is good.


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  • Richard Senecal
  • 2020-09-10

Depth

I already thought we were being robbed of deflation's benefits but Mr. Booth took me on an unexpected journey.

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  • M2 Going Cyclic
  • 2020-08-31

Prescient, timely, and thoughtful

This is an outstanding book that asks important questions. We need to think hard about those questions- and the right answers to those questions - as our future as a civilization mya very well depend on getting them right.

5 people found this helpful

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  • Kevin Neel
  • 2020-04-26

Stunning- Eye opening analysis of our new world.

Exceptional book. Written with layers upon layers of rationale and described in a spy novel fashion that keeps you on the edge of your seat. The world is evolving and opportunities are everywhere if you know where to look. This book helps in so many ways.

5 people found this helpful

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  • Samuel7930
  • 2021-06-01

Perfect book except...

Really nice book except it ends by talking about bitcoin as a possible solution to save humanity. Bitcoin is going to 0. Everything on a computer can be copied. Wait till all those geeks find it 😃 he should have been talking about gold instead far more scarce and safe store of value.

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  • Daniel
  • 2020-04-24

Excellent!

Great book, and dare I say #bitcoinfixesthis thank you Jeff for starting this conversation, let's hope people carry it on!