The Fiat Standard: Debt Slavery Alternative to Human Civilization
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Book Overview
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.Format:Hardcover
Language:English
ISBN:1544526474
ISBN13:9781544526478
Release Date:November 2021
Publisher:Saif House
Length:382 Pages
Weight:1.55 lbs.
Dimensions:1.1" x 6.3" x 9.1"
Customer Reviews
1 rating
This book is so good
Published by Spencer , 12 months ago
If you want to understand the world we live in, this book is essential. It describes the root cause of many issues we face today. One of my favorite books.
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