The Fiat Standard - The Debt Slavery Alternative to Human Civilization

365 Pages·2021·1.02 MB·english

by  Saifedean Ammous

THE FIAT STANDARD
The Debt Slavery Alternative to Human Civilization
Saifedean Ammous
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The Debt Slavery Alternative to Human Civilization
���� 978-1-5445-2647-8 Hardocver
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To my mother, sister, brother, and grandparents
Contents
About the Author
Supporters
Foreword by Ross Stevens
PART I: FIAT MONEY
Chapter 1. Introduction
Chapter 2. The Never-Ending Bank Holiday
Chapter 3. Fiat Technology
Network Topography
The Underlying Technology
Chapter 4. Fiat Mining
Lending as Mining
Deflation Phobia
CPI and Unitless Measurement
Inflation as a Vector
Chapter 5. Fiat Balances: Universal Debt Slavery
Unquantifiable
Irreconcilable
Tentative and Revocable
Negative
Fiat Savings
Fiat Debt
Chapter 6. What Is Fiat Good For?
Salability Across Space
Gold Spatial Salability
Fiat Spatial Salability
Bank Profitability
PART II: FIAT LIFE
Chapter 7. Fiat Life
Fiat against Nature
Fiat Time Preference
Fiat Architecture
Fiat Capital Destruction
Fiat Family
Chapter 8. Fiat Food
Fiat Farms
Fiat Diets
Fiat Foods
The Harvest of Fiat
Sound Food
Fiat Soils
Chapter 9. Fiat Science
Fiat Schools
Fiat Universities
Fiat Academics
Fiat Science
The Science Industrial Complex
The Science Says
Fiat Nutrition Science
Fiat Hysteria
Chapter 10. Fiat Fuels
Fiat Apocalypse
Fiat Thermodynamics
The Cost of Fiat Fuels
Chapter 11. Fiat States
The Misery Industry
Freedom from Accountability
Development’s Ugly History
A Real Impact Assessment
Development Successes
Chapter 12. Fiat Cost-Benefit Analysis
Fiat Benefits
Fiat Governments
Conflict
PART III: THE FIAT LIQUIDATOR
Chapter 13. Why Bitcoin Fixes This
Salability Across Space
Separation of Money and Debt
Antifiat Technology
Neutral Global Currency
Chapter 14. Bitcoin Scaling
Hard Money Cannot Stay Niche
Bitcoin Block Space Supply
Second-Layer Scaling
Lightning Network
Trade-Offs and Risks
Chapter 15. Bitcoin Banking
Savings Technology
High Cash Reserves
Demonetizing the World
Unbonding the World
Robustness
Full Reserve Banking
Equity Finance
Chapter 16. Bitcoin and Energy Markets
Bitcoin Mining: Antifiat Technology
Difficulty Adjustment: The Secret Sauce
Bitcoin Fuel
Chapter 17. Bitcoin Cost-Benefit Analysis
Bitcoin Costs
Bitcoin Benefits
Is Bitcoin Worth It?
Chapter 18. Can Bitcoin Fix This
Government Attacks
Software Bugs
The Gold Standard
Central Bank Adoption
Monetary Upgrade and Debt Jubilee
Speculative Attacks
Central Bank Digital Currencies
Acknowledgments
Bibliography
List of Figures
Notes
About the Author
Saifedean Ammous is a world-renowned economist and author of The
Bitcoin Standard: The Decentralized Alternative to Central Banking, the
definitive and best-selling book on bitcoin, translated to 25 languages. He is
also the author of the forthcoming textbook Principles of Economics.
Saifedean teaches courses on the economics of bitcoin, and economics in
the Austrian school tradition, on his online learning platform
Saifedean.com, and also hosts The Bitcoin Standard Podcast.
Supporters
The author dedicates this book to the following readers who supported the
self-publication of this book by preordering signed copies. Your support and
interest are the reason that I write!
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