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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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Nothing new here

Most of the points made here are better argued by other authors in other works.

Booth's contribution, if you can call it that, is to call for a change in attitude to the pros and cons of deflation vs. debt stimulated inflation.

An interesting take, but not a revolution in thinking.

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Amazing long term view of the world we are heading into

Very good listen, it gives a long term view of our current political and socio economic structure going forward and how it may need a review based on the long term effects of living under these structures. Quite speechless and not sure to be worried or excited, the future will be very different from what we are experiencing today.

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Nauseating boomer book

Filled with shallow cliches. George Gilder is a far superior and clearer vision of the future.

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Outstanding, so many, well explained concepts.

Completely turned around the inflation narrative. Booth shows us the fire but also shows us the fire exits.

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Excellent summary of contemporary world

Really enjoyed the book and Jeff analysis of contemporary world affairs. Excellent summary and leading thoughts and solid scientific background.
Highly recommend.

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One of the clearest thinkers in this space

I came across Jeff Booth on Twitter after listening to him on a few Bitcoin podcasts. His ideas about the inevitability of where all this is heading resonated with me perhaps more than anyone else in the space. And for a bonus, he's also a really nice and genuine guy. Don't get lost in the day to day blame games and instead align yourself with the real underlying core changes taking place. Ride that wave and you can do extraordinarily well.

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A must read for anyone interested in the economy!

A must read for anyone interested in the economy and the future we've built based on flawed foundations.

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interesting

good to see an opposing views to the benefits of deflation in a tech dominant society

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Prescient, informative, visionary

Great listen. covered many broad topics well and honed in on other topics not covered elsewhere.

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Mind blowing stuff

What a great book, opened my mind so much to the inadequacies of our current financial system

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  • Tim Kennedy
  • 20-05-2020

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.

13 people found this helpful

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  • Ryanman
  • 25-06-2020

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.

6 people found this helpful

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  • Gaya
  • 28-04-2020

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.

6 people found this helpful

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  • Angela M Wilson
  • 12-06-2020

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.

5 people found this helpful

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  • Anonymous User
  • 23-05-2020

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
  • 09-05-2020

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
  • 26-04-2020

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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  • Matthew C Conlan
  • 02-01-2021

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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  • Dreamer
  • 15-04-2020

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.

3 people found this helpful

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  • Richard Senecal
  • 10-09-2020

Depth

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

2 people found this helpful

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