Book HackThe Price of TomorrowBy Jeff Booth
In a Nutshell
Tech CEO Jeff Booth explores the potential consequences of deflation as technology decreases the cost of goods, calling for an overhaul of the global economy.
Favorite Quote
Continuing on the existing path without significant changes to the way we think about economics and the way we have constructed economies will ensure chaos.
Jeff Booth
Introduction
As artificial intelligence and technology improve, the price of shipping and producing goods is plummeting worldwide. So why is doing things more efficiently with less labor something to fear?
Jeff Booth is the founder and former CEO of BuildDirect, a building and construction company that improves materials sourcing through technology.
In this 2020 book, the entrepreneur takes a critical look at an outdated global economy unable to cope with advancing technology.
Rather than attempting to prop up the economy through cheap credit or taxation, Booth argues that we should embrace mass deflation. It has the potential to usher in a new era of abundance for all.
Here are the 3 key insights from this Hack
- 1.Our credit-based financial system requires constant inflation, but technological advances are causing deflation instead
- 2.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.
- 3.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.