BTC057: How Fiat Works w/ Dr. Saifedean Ammous (Bitcoin Podcast)

IN THIS EPISODE, YOU’LL LEARN:

• 00:51 - What gave Saifedean the idea for the new book.
• 04:15 - What are the four key elements of how the Fiat system works?
• 10:38 - What surprised Saifedean the most about what value fiat brings to the existing economy.
• 15:39 - Inflation is a vector - what does that mean?
• 24:27 - How has fiat corrupted the existing incentives in food, academia and other areas?
• 36:19 - What is the shadow banking system?
• 37:59 - What's the purpose of the IMF?
• 58:10 - How does fiat mess with economic calculation?

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
• Buy The Fiat Standard on Amazon.
• Buy the Bitcoin Standard on Amazon.
• Dr. Saifedean Ammous Twitter.
• Dr. Ammous's podcast and website.
• New to the show? Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.

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