284. The Fiat Standard: Lecture 3 - Fiat Technology

Lecture 3 of The Fiat Standard explains the underlying technology behind fiat: a centralized network where money is created from credit expansion, devaluing existing holders' wealth, externalizing default risk onto society, & undermining savings, trade, & capital accumulation. You can buy the hardcover, ebook or audiobook in several languages on saifedean.com/TFS, where you can also find the full lecture notes available for free download. You can also take the rest of Saifedean's courses by signing up to a membership on saifedean.com/membership 🔗👇🏼 Sponsors Daylight - The computer, de-invented - https://daylightcomputer.com/ CoinKite - Bitcoin Security and Fun Devices - https://coinkite.shop/bitcoinstandard TheBitcoinWay - TAKE CHARGE OF YOUR FINANCIAL FUTURE https://www.thebitcoinway.com/ The Saif House - High quality cloth hardcover bitcoin books by Saifedean & more delivered worldwide, with 10% off for paying in bitcoin - https://TheSaifHouse.com ----------------------------------------------------------------------- Saifedean’s first book, The Bitcoin Standard: http://saifedean.com/thebitcoinstandard Saifedean’s second book, The Fiat Standard: http://saifedean.com/thefiatstandard Saifedean’s third book, Principles of Economics: https://saifedean.com/poe Enjoyed this episode? Join Saifedean's online learning platform to take part in weekly podcast seminars, access Saifedean’s four online economics courses, and read his writing, including his new book, Principles of Economics! Find out more on Saifedean.com!