How Fiat Works w/ Saifedean Ammous (BTC057)

💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/s... 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkX... ▶️ RELATED EPISODES: Broken Money w/ Lyn Alden:    • Broken Money w/ Lyn Alden (BTC146)   Fiat Ruins Everything w/ Jimmy Song:    • Fiat Ruins Everything w/ Jimmy Song (BTC147)   How Fiat Blinds Bitcoin's Importance w/ Alex Gladstein:    • BTC071: How Fiat Blinds Bitcoin's Importan...   Dr. Saifedean Ammous and Preston Pysh have a conversation about how the existing fiat financial system works, how it has created a warped incentive structure for things like academia, food, and many other things. Then they also talk about how Bitcoin offers a solution to many of these issues and concerns. IN THIS EPISODE, YOU’LL LEARN: 0:00:16 - What gave Saifedean the idea for the new book. 0:04:24 - What are the four key elements of how the Fiat system works? 0:11:29 - What surprised Saifedean the most about what value fiat brings to the existing economy. 0:17:23- Inflation is a vector - what does that mean? 0:23:22 - How has fiat corrupted the existing incentives in food, academia and other areas? 0:36:19 - What is the shadow banking system? 0:38:27 - What's the purpose of the IMF? 0:55:12 - How does fiat mess with economic calculation? 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/b... 📖 BOOKS MENTIONED: The Bitcoin Standard by Saifedean Ammous: https://amzn.to/3PfeMla The Fiat Standard by Saifedean Ammous: https://amzn.to/3Ppqn0W Principles of Economics by Saifedean Ammous: https://amzn.to/44SYG6t Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ TubeBuddy help optimize our YouTube videos - https://www.tubebuddy.com/pricing?a=T... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙 On Bitcoin Fundamentals, Preston Pysh talks about the fundamentals of bitcoin, investing in bitcoin, news, deep dives and more on interviews with prominent people in blockchain technology. 🌍 Website: https://www.theinvestorspodcast.com/b... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/t... 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/t... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.