The Fiat Standard
In The Fiat Standard, world-renowned economist Saifedean Ammous applies his unique analytical lens to the fiat monetary system, explainin…
✒ Books read in 2022 #10
The first part of the book uses the analytical framework that was used to explain how Bitcoin network works and applying to the fiat system, which is brilliant.
The second part of the book extends the concepts to other aspects of life (e.g. food, science, fuel) can be controversial and not to everyone’s liking.
The third and final part of the book explores deeper into the Bitcoin network by explaining how it scales, solves the banking problem, cope with environmental issues, and scores in terms of a cost-benefit analysis, which is informative and feels very much like a natural extension to the first book “The Bitcoin Standard”.