Insightful Principles

IP #122: The Fiat Standard Explained


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IN THIS EPISODE, YOU'LL LEARN:
00:00-03:43   What is the Fiat Standard?
03:43-06:48  The Monetization of Debt?
06:48-07:17 How Bitcoin Fixes the Fiat System? 
07:17-10:04 How Sophisticated The Dollar System Is?
10:04-17:02 Event's In History That Led To The Fiat Standard?
This episode breaks down Saifedean Ammous book "The Fiat Standard". It examines the operation and creation of the fiat monetary system. 
Kevin explains how the author made many references compared to the Bitcoin Network. Like "Fiat Mining" and "Fiat Protocol".
 Saifedean does a great job explaining some of the use cases for Fiat & how Bitcoin can co-exist in a credit based society. Kevin provides a list of event's that led to the dollar being taking off the gold standard in 1971. 
He also highlights why a fiat system promotes the monetization of debt & why savings is not encourage throughout the U.S. 
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Email: [email protected]
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Twitter: @insightprinples
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Insightful PrinciplesBy Kevin N Jenkins

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