The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future
Title: The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future
Author(s): Jeff Booth
Year: 2020
Publisher: Stanley Press
ISBN: 978-1-9992574-0-8
Description:
In The Price of Tomorrow, technology and e-commerce executive Jeff Booth argues that rapid technological progress is inherently deflationary: it makes goods and services cheaper while placing pressure on economic systems built around inflation, debt, and continuous growth.
The book examines the economic and social consequences of this tension, including automation, employment, monetary policy, inequality, and the possibility of universal basic income. Booth ultimately presents deflation not only as a threat, but also as a potential path toward greater abundance and prosperity if societies adapt their economic systems accordingly.
