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The Fiat Standard

The Debt Slavery Alternative to Human Civilization

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The Fiat Standard

By: Saifedean Ammous
Narrated by: Saifedean Ammous, Guy Swann
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In The Fiat Standard, world-renowned economist Saifedean Ammous applies his unique analytical lens to the fiat monetary system, explaining it as a feat of engineering and technology just as he did for bitcoin in his global bestseller The Bitcoin Standard.

This time, Ammous delves into the world's earlier shift from the gold standard to today's system of government-backed fiat money—outlining the fiat standard's purposes and failures; deriving the wider economic, political, and social implications of its use; and examining how bitcoin will affect it over time.

With penetrating insight, Ammous analyzes global political currencies by analogy to bitcoin: how they're "mined" whenever government-guaranteed entities create loans, their lack of inherent restraints on inflation, and the rampant government intervention that has resulted in heavy, devastating, and persistent distortions to global markets for food, fuel, science, and education.

Through these comparisons, Ammous demonstrates that bitcoin could be our next step forward—providing high salability across space, just like the fiat system, but without the unchecked fiat-denominated debt. Rather than a messy hyperinflationary collapse, the rise of bitcoin could look like a debt jubilee and an orderly upgrade to the world's monetary operating system, revolutionizing global capital and energy markets. Economics Macroeconomics Cryptocurrency Technology Government Capitalism
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This book, like all Saifedean’s works I listened to or read, makes good, clear logic. Thank you!

Amazing good sense

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I loved the first book, giving me an insight into the history of money. But at the end I still had questions, as to how Bitcoin could maybe take over from fiat. This book does a great job of explaining fiat and it’s problems and how Bitcoin will inevitably be the choice of best money.

As good as The Bitcoin Standard

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The explanations that are simple and easy to understand - that's a skill for this topic!

Excellent & easy to absorb

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I thought this would be a repeat of the half of The Bitcoin Standard that dealt with fist currency. But it goes further than that by analysing fiat currency's impacts on food and energy production, for example.

Brilliant analysis of the pernicious effects of fiat currency

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A brilliant follow up to The Bitcoin Standard
I suggest listening to that one first, then the fiat standard second.

A great book

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