Ammous, Saifedean
The Fiat Standard: The Debt Slavery Alternative to Human Civilization
- ISBN 13:
- 9781544526478
- author:
- Ammous, Saifedean
- format:
- Hardback
- publisher:
- Saif House
- language:
- English
- Publication Year:
- 2021
- Pages:
- 382
- Dimensions:
- 22.9 x 15.2 x 2.5 centimeters (0
- Genre:
- Business, Money & Monetary Policy, ,
- Condition:
- New
- Availability:
- Item usually sent within 7 working days
Description
The Fiat Standard: A New Perspective on the World's Monetary System Saifedean Ammous applies his analytical lens to the fiat monetary system, explaining it as a complex technological feat. He delves into the shift from the gold standard to the current system of government-backed fiat money, outlining its purposes and failures. Ammous also examines the economic, political, and social implications of its use and how it compares to other global currencies. Ammous analyzes the fiat standard by analogy to bitcoin, highlighting its similarities and differences. He argues that bitcoin could be a step forward, providing high salability across space, but without the unchecked debt associated with the fiat system. This could lead to a debt jubilee and an orderly upgrade to the world's monetary operating system, revolutionizing global capital and energy markets. By exploring the fiat standard and its potential impact on the world, Ammous offers a unique perspective on the future of global finance.
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