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

by Jeff Booth

But in times of great change, the beginner’s mind has the advantage.

Beyond just the doubling of computing power, we should expect a 21 percent annual decline in price to performance.

As autonomous driving enters mainstream adoption, it will reduce this figure significantly. Already, automotive companies such as Waymo and Tesla promise to underwrite their own insurance—an obvious nod to their belief in the technology being superior to human drivers.

It took $185 trillion of debt to produce about $46 trillion of GDP growth over the last twenty years.