
The Price of Tomorrow
Why Deflation Is the Key to an Abundant Future
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Narrateur(s):
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Brian Troxell
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Auteur(s):
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Jeff Booth
À propos de cet audio
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 PressVous pourriez aussi aimer...
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Excellent.
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Timely. Accessible. Succinct.
Thanks Jeff!
Important Read for everyone.
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Mind altering
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Great work!
Great book!
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The way Booth describes inflation shows us the absurdity of trying to capture inflation data and distil it into a single number. It's about as useful as stating "The average weather in Canada this month is 9°C". That doesn't give anyone actionable information. Should I put a coat on or not? A station reports 28°C while another says -2°C. Some measurements are subject to hedonic quality adjustments while others aren't e.g., Winnipeg, Manitoba reports a high of 37°C today, but we'll scale that back to 36°C because it'll make swimming pools more appealing. What if I can't afford the swimming pool or react negatively to chlorine? Do I get the discounted 36°C or am I stuck with 37°C?
Eye Opener
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Thought provoking
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Must Read!
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This book is filled with compelling arguments and provoking thought experiments that will alter your perceptions of the world around you.
Compelling
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comptorary
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Timely book that given the crash and our lurch towards MMT and even more political control is key in helping shape our response. Will we continue to trust and support the political class who brought us to this point, or realize our own inaction and blind trust of institutions is the cause.
This book and my two previous books : the fourth turning and the Bitcoin Standard, prepared me well to consider my own action plan and vote with my own dollars. Support local businesses and neighbors, support my fellow countrymen, support other nations that are democratic and have similiar value systems. Push to reduce government and encourage citizens to think for themselves and be sceptical of mainstream media on both sides. Lastly buy Bitcoin, we need it to succeed!!
Makes a compelling argument for change
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