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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

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What listeners say about The Price of Tomorrow

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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!

2 people found this helpful

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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!

1 person 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.

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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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Real, Inspiring, and Hopeful

Our world is changing and it’s up to us to figure how we are going to move forward. The Price of Tomorrow accurately and effectively discusses ways in which our world can thrive in digital and abundant future.

This is a must for anyone that has an eye for the future.

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Mind altering

If you fear and worry about what tomorrow’s world may look like. Jeff brings an interesting theory about deflation and how the digital world may bring lower prices to the world but the trade off could be at the expense of jobs.

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Must Read!

While I was initially intimidated by the complexity of the subject matter, Jeff Booth is able able to present his point of view in an accessible, concise and easily digestible manner. The Price Of Tomorrow is informative, entertaining and thoroughly compelling. Once you have gained the perspective put forward throughout the book, you can't help but look at the world through a different lens. Highly recommended reading.

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Puts clarity to a complex economic problem

Great book, with some clarity for what our future may look like and how to navigate it. Inspired me to ask bigger questions and see a bigger view on our world issues. Learned a lot! Thank you Jeff

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  • 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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Undeniable and Undiscussed

I don't mean this to seem dismissive of people who disagree with the thesis of the book, BUT once you understand the general argument being made it seems so obvious, that I don't know how anyone could disagree with it. Not talking about specific details, like the ETA for generally AI. But the core "Technology is deflationary, and central banks are try to fight this deflation with inflationary forces" is basically un-deniable.

You might ask "why does an obviously true premise = 5 star review?"

Answer: "It doesn't"

It's the complete obviousness of the premise in combination with the fact that this phenomenon, is NEVER discussed. If I had a dollar for every time I was told "Printing money / QE isn't inflationary, because this was done in 2008 and there was little to no inflation, " from a bunch of blind empiricist mid-wits, then I would have... well... probably not that much (considering dollars have been DEBASED!!!). If you were ask 99% of people why products/services are getting more expensive, despite the fact that they are being delivered more efficiently, they will probably say "greed" or "I don't know" or "that's just the way things are". Madness!

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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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  • 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.

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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.

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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.

4 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.

4 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.

4 people found this helpful

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  • Gaya
  • 2020-04-28

Arrogant and Male-centric writer

A tech guy who thinks he can explain to you how the economy works because he reads, as he makes sure to point out, 50 books a year. Despite his "curiosity" for life he seems to not have noticed that half of the population does not consist of men. Could not finish this.

3 people found this helpful

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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.

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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.

2 people found this helpful

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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!