The Fiat Standard Book Reviews
The Fiat Standard by Saifedean Ammous Book 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 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.
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| Book Name | The Fiat Standard |
| Genre | Economics |
| Author | Saifedean Ammous |
| Published | 16 November 2021, Tuesday |
| Language | English |
| E-Book Size | 2.14 MB |
The Fiat Standard (Saifedean Ammous) Book Reviews 2024
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Econ for everyone.. Great book written with flawless simplicity that explains incredibly complex content in a way anyone can understand.
JJGEAUX. Must read.
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| the-fiat-standard-ebook.pdf | |
| the-fiat-standard-ebook.epub | EPUB |
| the-fiat-standard-ebook.kindle | KINDLE |
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Summary of The Fiat Standard by Saifedean Ammous
The The Fiat Standard book written by Saifedean Ammous was published on 16 November 2021, Tuesday in the Economics category. A total of 157 readers of the book gave the book 4.5 points out of 5.
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