The Price of Tomorrow Free Epub by Jeff Booth

DOWNLOAD The Price of Tomorrow Free Epub by Jeff Booth EBOOK

We are living in a unique epoch. Technological advancements are occurring at a quicker pace than our capacity to comprehend them, and we can’t afford to stand still in a world that travels faster than we can imagine. These advancements offer productivity and abundance, but they also have a deflationary effect.

Our economic structures were designed for a time before technology, when labor and capital were inextricably connected when growth and inflation were important, and when we profited from inefficiency. The age is over, but we continue to act as if those economic structures are still functional.

 

The only thing driving global growth today is easy credit, which is being generated at an unsustainable rate.

We are living in a once-in-a-lifetime period. Technological progress is happening at a greater rate than our ability to comprehend it, and we can’t afford to stand idle in a world that moves faster than we can imagine. These advances include efficiency and abundance, but they also result in deflation.

Our economic structures were built for a period before technology, when labor and capital were inextricably linked, when growth and inflation were significant, and when inefficiency was profitable. While the era has passed, we continue to behave as though certain economic systems are still in place.

 

Today, the only thing driving global growth is cheap credit, which is being developed at a rapid pace.

 

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