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285. The Fiat Standard: Lecture 4 - Fiat Mining

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Manage episode 498418249 series 2878261
Content provided by Dr. Saifedean Ammous. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Saifedean Ammous or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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

  continue reading

328 episodes

Artwork
iconShare
 
Manage episode 498418249 series 2878261
Content provided by Dr. Saifedean Ammous. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Saifedean Ammous or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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

  continue reading

328 episodes

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