Canadian entrepreneur. Founded and led BuildDirect — a tech platform that used software to drive down the cost of building materials, eliminating layers of middlemen in the process.
His thesis came from lived experience: his own company was deflationary by design, yet inflation kept eroding the world around it. The Price of Tomorrow is his attempt to explain why, and what comes next.
Booth opens the book with a striking observation about Moore's Law: the cost per megabyte of storage fell from roughly $1 million in 1967 to just 2 cents by the time he was writing — a collapse in price of nearly ten billion times. This is technology doing what it always does — driving prices toward zero.
Think of a product or service that has gotten dramatically cheaper or better in your lifetime purely because of technology. How much would it cost today if technology hadn't touched it — and who would own it?
Booth's central argument is a collision between two forces: technology naturally drives prices down (deflation), while central banks target 2% inflation every year — essentially cancelling out the gains that technology would have given us for free.
If technology is silently giving you more purchasing power every year, and inflation is silently taking it back — who actually captures the productivity gains? Is inflation the largest hidden tax most people don't know they're paying?
The "price of tomorrow" is what we pay by borrowing against future prosperity today. Since 2000, global debt has ballooned from $62 trillion to over $247 trillion — yet that $185 trillion in new debt bought only $46 trillion of real economic growth. If you paid it back at $1,000 per second, it would take nearly 8,000 years.
Booth says we have no painless exit from this debt trap — either we inflate it away (destroying savings) or we face a deflationary collapse. Is Bitcoin a third option, or does adopting a Bitcoin standard just make the reckoning arrive sooner?
Booth asks whether AI will eliminate far more jobs than it creates — and unlike past industrial revolutions, cognitive work may not be safe: "If every job is a function of our intelligence, as computers beat us at intelligence, how could any job be safe?" If AI is owned by corporations or governments, the gains accrue to very few.
If AI compresses wages toward zero for most cognitive work, who owns the AI becomes the defining question of our era. Does holding Bitcoin — a form of capital with a fixed supply — offer ordinary people a seat at the table in an AI-driven economy?
Booth frames Bitcoin as "an attempt at a solution" — a system with a fixed supply of 21 million coins that cannot be manipulated by governments. In a deflationary world, fixed-supply money means prices fall and purchasing power rises: you keep the gains from technology instead of watching them confiscated by inflation.
Booth says under a Bitcoin standard, your savings would naturally appreciate as technology improves — no investing required, just holding. Would this change how people think about work, risk, and time? Or does falling prices create their own trap (why spend today what will be worth more tomorrow)?
Booth closes the book with a game-theory argument: currency debasement is a prisoner's dilemma — each nation defects for short-term gain, triggering retaliation, until everyone loses. In a world of genuine technological abundance, this zero-sum thinking is irrational and destructive.
Booth argues a Bitcoin standard would remove the temptation to defect — you can't print your way to advantage, so nations must compete by actually creating value. Is this optimistic or naive? Can nation-states genuinely choose cooperation, or does power always revert to zero-sum competition?
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