Description
Book Synopsis: 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.
Details
In a world dominated by the fiat monetary system, it's time to break free from the chains of debt slavery. Introducing "The Fiat Standard: Debt Slavery Alternative to Human Civilization" by renowned economist Saifedean Ammous. Just as Ammous shed light on the revolutionary potential of Bitcoin in "The Bitcoin Standard," he now delves into the history, failures, and impacts of the fiat system. This book is an eye-opening exploration of how governments-backed currencies have led to distortions in global markets and the devastating consequences they bring.
With his unrivaled expertise, Ammous draws a parallel between political currencies and Bitcoin, showcasing how the fiat system is inherently flawed. Unlike Bitcoin, governments have the power to create loans out of thin air, leading to unchecked inflation and market disruptions. But there is hope. Bitcoin presents an alternative, offering high scalability across borders without the burden of fiat-denominated debt. Imagine a future where the rise of Bitcoin brings about a debt jubilee and a seamless transition to a new monetary operating system.
If you're tired of the limitations and failures of the current monetary system, "The Fiat Standard" is a must-read. Gain invaluable insights into the world of finance, economics, and global markets. Don't miss out on this opportunity to understand how Bitcoin could revolutionize global capital and energy markets. It's time to take control of your financial future.
Click here to get your copy of "The Fiat Standard: Debt Slavery Alternative to Human Civilization" and pave the way for a brighter, debt-free future.
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