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

<p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><ul><li>What gave Saifedean the idea for the new book.</li><li>What are the four key elements of how the Fiat system works?</li><li>What surprised Saifedean the most about what value fiat brings to the existing economy.</li><li>Inflation is a vector - what does that mean?</li><li>What is the shadow banking system?</li><li>What's the purpose of the IMF?</li><li>How has fiat corrupted the existing incentives in food, academia and other areas?</li><li>How does fiat mess with economic calculation?</li></ul><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Buy <a href="https://www.amazon.com/gp/product/B09KKVNQBK?&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=8acefc70316956f2b472ba3ee6a9898d&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>The Fiat Standard on Amazon</strong></a>.</li><li>Buy the <a href="https://www.amazon.com/gp/product/1119473861?ie=UTF8&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=8ebdae333e7b8822ef7a7d331b1c9097&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>Bitcoin Standard on Amazon</strong></a>.</li><li>Dr. <a href="https://twitter.com/saifedean" rel="noopener noreferrer" target="_blank"><strong>Saifedean Ammous Twitter</strong></a>.</li><li>Dr. <a href="https://saifedean.com/" rel="noopener noreferrer" target="_blank"><strong>Ammous's podcast and website</strong></a>.</li><li>New to the show? Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank"><strong>We Study Billionaires Starter Packs</strong></a>.</li><li>Donate to&nbsp;<a href="https://www.givewell.org/" rel="noopener noreferrer" target="_blank"><strong>GiveWell</strong></a>’s recommended charities and have your donation matched up to $1,000 before the end of August or as long as matching funds last if you’ve never donate before. Pick PODCAST and We Study Billionaires or enter code