Summary:
The book argues that technological advancements are driving prices down by increasing efficiency, leading to deflationary pressure in a world structured for inflation. It suggests that embracing deflation is crucial for economic prosperity and could lead to a future of abundance if society adjusts its economic policies and expectations accordingly.
Key points:
1. Tech Deflation: Booth says technology causes deflation by increasing efficiency and reducing production costs. This can lead to abundance or job loss and instability.
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