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284. The Fiat Standard: Lecture 3 - Fiat Technology
Manage episode 497149071 series 2878261
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
330 episodes
Manage episode 497149071 series 2878261
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
330 episodes
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