Go offline with the Player FM app!
285. The Fiat Standard: Lecture 4 - Fiat Mining
Manage episode 498418249 series 2878261
Lecture 4 of The Fiat Standard explains how fiat is mined through credit creation, incentivizing everyone to get into debt, causing prices to rise, which is covered up with the nonsensical CPI. Saylor's explanation of prices as a vector is far better for understanding inflation.
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
328 episodes
Manage episode 498418249 series 2878261
Lecture 4 of The Fiat Standard explains how fiat is mined through credit creation, incentivizing everyone to get into debt, causing prices to rise, which is covered up with the nonsensical CPI. Saylor's explanation of prices as a vector is far better for understanding inflation.
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
328 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.