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The Fiat Standard cover art

The Fiat Standard

By: Saifedean Ammous
Narrated by: Saifedean Ammous, Guy Swann
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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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  • Ed
  • 08-03-24

surprised by the knock on effects of fiat that are only obviously when pointed out

great book and well recommended to anybody heading down the Bitcoin rabbit hole. definitely read the bitcoin standard first.

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Essential reading.

This is essential reading for anyone interested in money, Bitcoin and protecting their wealth. Great book!

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They should teach this in schools

loved it. Thanks for what you do. keep them coming. loved the Bitcoin standard aswel.

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A 'Vaccine' for the fiat afflicted!

Get cured now and stop thinking in a fiat way. This book guides you through and explains some of the worst fiat atrosoties past, present and potential future ones. Do not underestimate the huge damage that has occurred by allowing government to steal you lifeforce in the form of time needed to earn their funny money coupons. Listen or read this deeply researched book when you can still act upon the information inside it. #Bitcoinfuture

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Fiat debt explanation was very good

I thought some of the food attack sections were rather too political, but overall it was excellent

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Enlightening

A truly enlightening and eye-opening book which discusses the important topic of what money really is and where it’s value comes from, something people in general rarely ponder about.
It is always a joy to hear the author voice his work but Saifedean can be quite the fast talker at times.

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Outstanding

this man must be amassing some very powerful enemies by now, as his work is shining a light on the complete corruption of the fiat world we live in...

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A must read

Saifedean ammous is great and the fiat standard is a must read. Go get it

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Author should focus on economics

Interesting read on macro economics and history of fiat but author goes on long rants on energy, education and diet which seems to areas where he is not all that well versed.

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Extremely biased and misinformed on his views expressed outside of bitcoin and monetary system

Disappointing. Ammous should solely write about the monetary system / bitcoin as he knows what he is talking about there. However, he takes any opportunity to express his opinions about topics that he is no expert on and clearly knows nothing about, such as what is good architecture or healthy food. Stay in your lane Ammous, this isn’t a platform for you to share your own biased opinion about other subjects.

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