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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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What listeners say about The Fiat Standard

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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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Must read for humanity

Gives a complete understanding of where academia/science is failing. Must read for everyone. Recommend it to friends

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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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Oh Dear!

As a bitcoiner I had hoped for more. While the argument about bitcoin is one I am interested in I found the part about food a disappointment.
I am sure the author means well but such weak half truths on the food side of things weaken the strength on the real issue.
Perhaps the intention was to appeal to the tin foil hat wearers at any price but I am going to return this purchase unfinished.

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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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Assumptions and opinions presented as facts.

The book was good untill reaching chapter Fiat Foods. This is where it started to go downhill. Then in Fiat Fuels, he started even being climate change denier, it was painful to listen and I started questioning everything I heard so far in the book. Though the book eventually got back on track, I still give it a three stars as there is valuable information presented.

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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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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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