Bitcoin & Crypto DUMP! Should We Be Worried?

In 'The Price of Time', Edward Chancellor delves into the history of interest from ancient Mesopotamia to the present day, highlighting its crucial role in determining how capital is allocated and priced. The book discusses the concept of interest as the 'price of time', its various forms and justifications throughout history, and its impact on economic activities. Chancellor argues that low interest rates, particularly those following the 2008 financial crisis, have led to economic instability, asset price bubbles, reduced productivity growth, and increased inequality. The book is praised for its engaging narrative, rich in anecdotes and historical insights, making it accessible and informative for both economic historians and general readers.

In 'The Price of Tomorrow,' Jeff Booth argues that technological progress is driving a natural deflationary force in the economy, which is being countered by government and central bank interventions through money printing and debt creation. Booth contends that our current economic systems, built on debt and inflation, are unsustainable and will lead to increased polarization and economic trouble if not adjusted. He advocates for embracing deflation and restructuring our economic frameworks to harness the abundance that technology can bring. The book covers a broad range of topics including the impact of technology on job markets, equality, and societal stability, and it concludes with a call to action for policymakers, business leaders, and entrepreneurs to adapt to these new economic realities.