Rating: 5 out of 5 stars
5/5
Audiobook12 hours
The Fiat Standard: The Debt Slavery Alternative to Human Civilization
Written by Saifedean Ammous
Narrated by Saifedean Ammous and Guy Swann
Rating: 4.5 out of 5 stars
4.5/5
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About this audiobook
n 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.
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.
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Reviews for The Fiat Standard
Rating: 4.738095238095238 out of 5 stars
4.5/5
42 ratings2 reviews
- Rating: 5 out of 5 stars5/5Saifedean once again brings a depth of clarity in his breakdown of how the fiat monetary system works. Well narrated by both Guy Swann and himself.
2 people found this helpful
- Rating: 5 out of 5 stars5/5A great insight into the world economy without being boring. Highlights whats been wrong with the current monetary system and why more and more people are finding themselves working harder and earning less.
1 person found this helpful