The Fiat Standard
The Debt Slavery Alternative to Human Civilization
by:
Saifedean Ammous
in:
Economics
Summary:
The book critically examines the current fiat currency system, highlighting its role in facilitating debt and economic instability. It contrasts this with the potential of a Bitcoin-based financial system to offer a more sustainable and liberating alternative for global economic practices.
Key points:
1. Fiat Money: The book explores fiat money, a government-regulated currency with no intrinsic value. The author believes this system causes economic instability and wealth disparity.
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