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The Price of Tomorrow

Why Deflation is the Key to an Abundant Future
in: Economics
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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