The Fiat Standard

The Debt Slavery Alternative to Human Civilization

De: Saifedean Ammous

Narrado por: Saifedean Ammous, Guy Swann

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 best seller 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.

©2021 Saifedean Ammous (P)2022 Saifedean Ammous

Great Information

Great information about how fiat is used to control populations, and why alternatives such as a bitcoin standard can help solve this problem 👍🏾

Trojan horse of orange pill

all three works from author have immense truth and open your mind to alternative school of economic thought (Austrian)

It's a great book

I enjoyed it a lot. I am quite familiar with BTC, and yet, have learned a lot. Especially about the shortcomings of the fiat financial system.
Unfortunately Saifedean's narration is often difficult to understand, I hope he won't be recording his books in the future himself

Eye opening

A great part 2 for those that enjoyed the bitcoin standard. The fiat diet chapter alone is worth the listen.

Great book to understand how FIAT system works

The book provides a comprehensive overview of everything you need to know about the FIAT system, and what I appreciated most was how it encourages critical thinking. It allows readers to weigh their options and decide whether they want to remain within the FIAT Standard or begin transitioning to the Bitcoin Standard. However, my main critique is that the book presents Bitcoin as the only viable solution to the flaws of our current system, without sufficiently addressing its potential drawbacks. A more balanced perspective would have made the argument even more compelling.