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The Price of Tomorrow

Why Deflation Is the Key to an Abundant Future
Narrated by: Brian Troxell
Length: 5 hrs and 49 mins
Categories: Money & Finance, Economics
4.8 out of 5 stars (47 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

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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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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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Great book

Loved this book, give it a listen. A story every one should hear and think about

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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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  • 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.

5 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.

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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.

3 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.

3 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.

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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.

2 people found this helpful

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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.

2 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.

1 person found this helpful

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  • M2 Going Cyclic
  • 31-08-2020

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.

1 person found this helpful

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  • Qme
  • 10-10-2020

Good Perspective

Good narratives. Points were well formulated. Covered good amount of ground (various areas affected by the theme) from the perspective of discuss, while managing to stay on topic.

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  • ion
  • 22-09-2020

This book is very interesting !

This book has an interesting view about our situation today. This is a great book to enlarge our view about technology impact in our lifes.

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  • David
  • 18-09-2020

Fantastic.

This is a must read for anyone who gets frustrated with the state of the world whenever they turn onto one of the endlessly cycling news channels. Real insights into world debt and the extraordinary onward March of technology and A.I. Not too complex to follow either. It’s not often I will go back for another listen but I will with this one and I’ll be making notes.

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  • AMac
  • 06-09-2020

Essential Reading

Superbly written, packed with incredible insight and fantastically relevant in today’s world. A rare example of a book that can be readily understood and yet encourage deep thinking and debate. Recommended reading for all, from those in power to children of the least fortunate. Our lives (and our children’s lives) will be shaped by the contents of this book - the sooner we can all embrace what is happening the sooner we can enjoy a world of peace and abundance.

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  • H. Matthews
  • 20-08-2020

Tomorrow is now!

Great read, not too heavy content and puts into perspective as to how close we are in entering the next phase of human existence - The Information Revolution

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  • Cliente de Amazon
  • 11-08-2020

Current times explained on this book

this is a great listen, an accurate and recent explanation on all events which are and will shape our lives, economy and society. worth reading even though it appears to at times not going in-depth on various topics. recommended.

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  • Martinismo
  • 23-07-2020

A must read

Eye opener book. A must read now more than ever. Its value is exponentially invaluable

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  • tim scott
  • 19-07-2020

Great concise read!!

Great book from start to finish. Great insight into the current world especially relevant post cv19

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  • David
  • 18-07-2020

brilliant insight into the future

Highly recommended. This book gives a brilliant detailed insight into the future. It details the problems that are present in todays economies around the world and how this can be fixed.

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  • Anonymous User
  • 28-05-2020

Big ideas better than solutions, is that correct?

Big ideas better than solutions, is that correct? Thinking out of the box might help people survive as a species, but is it relevant to a person who needs to provide for his family today, a person who lives from check to check, in environment where capitalism values are not respected by biggest World economies and Governments, central banks, etc. I found it really interesting idea to think of letting it go the deflation to rise, even though it sounds crazy. Technology creates deflation by exponential growth anyways. Super interesting!