HackerNews Readings: The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future

All Time Past 6 Months

The Butterfly Effect: How Your Life Matters

Andy Andrews

4.5 on Amazon

3 HN comments

The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future

Jeff Booth, Brian Troxell, et al.

4.5 on Amazon

3 HN comments

Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated

David F. Swensen

4.5 on Amazon

3 HN comments

Scaling Up: How a Few Companies Make It...and Why the Rest Don't (Rockefeller Habits 2.0)

Verne Harnish

4.6 on Amazon

3 HN comments

Way of the Wolf: Straight Line Selling: Master the Art of Persuasion, Influence, and Success

Jordan Belfort and Simon & Schuster Audio

4.7 on Amazon

3 HN comments

Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude

Mark Douglas, Kaleo Griffith, et al.

4.7 on Amazon

3 HN comments

Technical Communication

Mike Markel and Stuart A. Selber

4.1 on Amazon

2 HN comments

Unlimited Power

Anthony Robbins and Simon & Schuster Audio

4.6 on Amazon

2 HN comments

Dying of Money: Lessons of the Great German and American Inflations

Jens O. Parsson

4.6 on Amazon

2 HN comments

Policy Paradox: The Art of Political Decision Making

Deborah Stone

4.5 on Amazon

2 HN comments

Simply Said: Communicating Better at Work and Beyond

Jay Sullivan

4.5 on Amazon

2 HN comments

Setting the Table: The Transforming Power of Hospitality in Business

Danny Meyer

4.6 on Amazon

2 HN comments

It's Your Ship: Management Techniques from the Best Damn Ship in the Navy

D. Michael Abrashoff and Hachette Audio

4.7 on Amazon

2 HN comments

The World Turned Upside Down: America, China, and the Struggle for Global Leadership

Clyde Prestowitz

4.6 on Amazon

2 HN comments

Value Proposition Design: How to Create Products and Services Customers Want (The Strategyzer Series)

Alexander Osterwalder , Yves Pigneur , et al.

4.6 on Amazon

2 HN comments

Prev Page 7/11 Next

Sorted by relevance

hourislateonFeb 18, 2021

I recently read a great book called "The Price of Tomorrow" - Jeff Booth. The author discusses how credit and debt is the main driver of growth over the last 20 years (Inflationary) because technology is deflationary and as it exponentially increases so does deflation. Governments who are terrified of deflation and dependent on a system that encourages incessant growth and higher prices, can only maintain that growth through credit and debt (inflation). Considering that almost every country in the world is participating in uncontrolled borrowing and spending, it's going to get very interesting.

An quick and interesting read...would recommend.

nochonApr 1, 2021

> That period included the massive money printing of 2008 crash, none of it says hyperinflation, despite the federal reserve "printing" $3.9T between 2009 and 2014.

[chuckle] Now do assets as well. Do healthcare and school fees and energy for good measure.

> […] dohicky […]

Also see Jeff Booth's "The Price of Tomorrow" for a discussion on the deflationary effects of technology.

Also consider velocity of money and if it slows as governments and commercial banks print.

Also, M3 contains illiquid assets. Perhaps, better to think in terms of base money? https://cryptovoices.com/basemoney

For fun, the history of McDonald's menu prices.

> Official inflation figures for 2004-2019 are $1.35, about 2% per year, and that includes the time period of the 2008 crash

Inflation is perhaps a vector.[0]

> Median wages have increased by about 2.6% per year

US centric but consider also https://wtfhappenedin1971.com/

[0]: https://www.lynalden.com/fiscal-and-monetary-policy/

hourislateonFeb 19, 2021

I'm going to shill this book again "The Price of Tomorrow - Jeff Booth", because it is so relevant to what's happening in the labor force. Technology is eating jobs and less and less people will be needed. Technology is deflationary and it's driving down the cost of labor and everything else. Just look at what's in store for the delivery sector once AMZN can use drones to deliver your package. Self driving cars to replace Uber/Lyft, automated kitchens where there are half the employees, factories where robots do the work, financial firms where software/algo's do the research and investing, software that writes software, etc. Work as we know it is changing, less and less jobs, less and less people will be needed.