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Product Identifiers

PublisherScribe Media

ISBN-101544526474

ISBN-139781544526478

eBay Product ID (ePID)6057273702

Product Key Features

Book TitleFiat Standard : the Debt Slavery Alternative to Human Civilization

Number of Pages382 Pages

LanguageEnglish

Publication Year2021

TopicPersonal Finance / General, Money & Monetary Policy

GenreBusiness & Economics

AuthorSaifedean Ammous

FormatHardcover

Dimensions

Item Height1 in

Item Weight25.2 Oz

Item Length9 in

Item Width6 in

Additional Product Features

Intended AudienceTrade

Reviews"Saifedean's penetrating insight is to explain the operation of fiat by analogy to the operation of bitcoin. In this context, we can think of fiat as a digital currency, like an altcoin, defining its qualities and characteristics and its strengths and weaknesses. Whereas The Bitcoin Standard's analytical framework centered around assessing salability across time, and how it explains the monetary rise of gold and bitcoin, in The Fiat Standard, Saifedean uses the framework of salability across space to explain the rise of fiat and how it replaced gold. Far from a one-sided attack on fiat, The Fiat Standard illustrates and explains the advantages that made fiat's global adoption possible. This framework in turn forms the basis for assessing bitcoin's rise in a fiat world, its security model, and chances of continued success." -from the Foreword by Ross Stevens

TitleLeadingThe

SynopsisThe Fiat Standard is an insightful study of the history, function, and impacts of the fiat monetary system on human society, economics, and politics over the past century. What are the possibilities for the rise of bitcoin in this system?, 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., 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.