The Fiat Standard

The Debt Slavery Alternative to Human Civilization

By: Saifedean Ammous

Narrated by: 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 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.

Again a very sobering book by Saifedean!

This book is incredibly based book and an orange pill for anyone trying to learn information that defies fiat mainstream academic views on various topics that relate to the corrupt monetary system we are slaves of.

Great read. Almost complete.

More citing is required for the reader to believe this material is unbiased and not directed at destroying the Dollar as the World's Reserve Currency. A deep delve into internet communications and the fragility of the current web needs to be addressed.

Incredibly helpful to understand the world we live in

I appreciate the view that Saifedean takes on this topic. Understanding the fiat standard helps clarify the point and benefits of Bitcoin.

Better than the Bitcoin Standard

Great stuff by Saif, as usual. Discussion of fiat’s destruction of our modern food was eye-opening.

Brilliant work on the benefits of Bitcoin compared to the moral hazards of a fiat economy.

Many examples to lead one to the economically accurate understanding of the challenges of fiat economies.