Subnostr

Finally read nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe's book The Price of Tomorrow. Makes the case that while technology is deflationary, and we are seeing tech advance at an increasingly rapid clip, governments can't afford to let deflation set in because inflation is the only thing keeping them from defaulting on their debts, which are also growing at an increasingly rapid clip. Deflation could make things cheaper and more abundant, but we would need a new monetary system.

I'd always heard it discussed as a #Bitcoin book, so I was surprised that it's only mentioned in passing as a possible solution, but the book covers many other subjects to make the argument accessible to the layperson (like me). Hoping to lend it out to a lot of people in the coming months.

Jeff, I was wondering, is there anything you'd change or add to the book if you were writing it now?

Jeff Booth 2y ago

Thanks Brad - Only changes I would make from original in retrospect I would have talked more about nuclear within the energy section, and in some places I had to sacrifice depth for breadth to make it readable.

I think it was important to see the structural problem because most people are still measuring from the existing system (and carrying their baggage from it) so people would be more open to looking at how a different system could operate.

Lots of areas from there to still explore on the transition between systems and what the future looks like on Bitcoin.

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