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The Fiat Standard

Written by: Saifedean Ammous
Narrated by: Saifedean Ammous, Guy Swann
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Publisher's Summary

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

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I put this off, but shouldn't have

Saif, great job man, seriously. You've written a solid pair of books in the Bitcoin and Fiat standards. I didn't think I'd get much from this as I've read so much on BTC and the Bitcoin standard. However, the framework you provide in thinking about these systems and how monetary decisions propagate into other areas of life are very useful, not only to me, but in explaining the problem to others.

Great job! Also shoutout to Bitcoin Audible and Guy Swann! check it out if you haven't.

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Saifedean is a Great Author

Saifedean is opinionated about the financial set up of the world. Make sure to listen to all of his 3 books (Fiat/Bitcoin/Economics) they actually work well together and the amount of overlap is minimal. I think I went Bitcoin first then Economics then Fiat. I'll probably re-listen to them every few years. One of the best books on my bookshelf. Buy them.

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Fiat whatever

A great follow up to the Bitcoin Standard. This fiat world really is something. Once you see it for what it is you no longer want to be part of it. No need to fight it, let’s just build a better world.

Kudos to Guy Swann for the audio.

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greatest book of economic

best book on fiat money problably the most reliable book write in the decade. thank saif you work really help us understand the economic of todays lives

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