The sequel to The Bitcoin Standard, applying its framework to analyzing the current monetary system. The Fiat Standard by Saifedean Ammous dissects the global fiat monetary system with the same sharp analysis he brought to The Bitcoin Standard. Tracing the shift from gold to government-backed money, Ammous reveals how fiat is “mined” through debt creation, enabling unchecked inflation and distorting markets for food, fuel, science, and education. By contrasting fiat’s flaws with Bitcoin’s sound, decentralized design, he shows how Bitcoin could offer an orderly upgrade to the world’s monetary system—revolutionizing capital, energy, and global trade.
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