The Fiat Standard

The Fiat Standard is out in hardcover & ebook, with audiobook coming very soon! You can read three chapters for free and order it in all formats from my website saifedean.com/tfs You can also order it from Amazon amazon.com/Fiat-Standard-…

Best part of @thefiatstandard : When Saif reviews how most academic economic textbooks in the 70s and 80s articulated how the USSR economic model was superior to the US model and was expected to overtake the US. They edited those parts out after 1991 but left everything else in

You may want to read this excerpt from @thefiatstandard book written by @saifedean when you look at the history of changing CPI composition shared by @peruvian_bull.

Tauche ein in die "Gesetze der Wirtschaft" von @saifedean 🤯 Revolutioniere Dein Wirtschaftsverständnis ab dem 19.03.2024. Sichere Dir jetzt Dein Exemplar durch Vorbestellung! 👇🏻 aprycot.media/shop/gesetze-d…

In @TheFiatStandard, I argue the modern diet is a result of inflation destroying people's ability to afford good food & governments seeking to cover up the impact of inflation. I explain the economic rationale behind this claim and some of the historical evidence for it, but the story is so complex it deserves a thorough forensic investigation. @MatthewLysiak is an investigative journalist and he has spent the last 18 months investigating a century of documents that meticulously explain how we managed to arrive at a world where the majority of humanity is fat or sick from eating garbage. In terms of lives cut short, it would be no exaggeration to say that 20th century nutrition science and government food policies are the biggest crime in history, putting genocides and man-made famines to shame. @MatthewLysiak provides a gripping forensic investigation into the barely believable sequence of events, spanning over a century, which led to the complete overhaul of the modern diet and the current obesity, diabetes, and autoimmune disease epidemic ravaging our species. I wrote the introduction and contributed two chapters to this highly informative book, and am publishing it with my new publishing house, TheSaifHouse.com, where you can get it in a fine cloth hardcover with dust jacket, in 3 ebook formats, or as an audiobook. You can also get it in paperback or regular laminate hardcover from Amazon: a.co/d/bVJjxFu

Fiat Food by @Matthewlysiak is an amazing new book investigating the crime of the century: how inflation made us eat cheap industrial garbage & ruined our health. It is published today by TheSaifHouse.com And also available from Amazon: a.co/d/fZeLqzi

Thank you @saifedean @iltruffone Amazing read

Government devalues your money to pay actors to tell you to eat cheap industrial sludge so you don't notice the devaluation of your money. This is @TheFiatStandard

My argument in @thefiatstandard, that climate change is a stupid pseudoscientific scam whose purpose is to rationalize and make you accept the poverty of inflation, continues to look less & less ridiculous by the day. latimes.com/environment/ne…

— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by @saifedean Ammous a.co/bV7PTLc

—The Fiat Standard: The Debt Slavery Alternative to Human Civilization by @Saifedean Ammous. Saif, I respect you a lot for making this point. I never could have imagined the levels of influence fiat money has on so many aspects of society. Thank you. a.co/g90OXuq

Principles of Economics Review Part 2 ———————————————— Chapter two of Saifedean's Principles of Economics builds upon the premise established in the initial chapter - the fundamental unit of economics is human action, the decisions we make in the marketplace. A multitude of terms are introduced, all with reference to this core concept. Central to this chapter is the notion of value. Saifedean persuasively argues that value is a subjective construct; individuals assign value based on their personal needs, goals, and objectives. Yet, the reality of scarcity means that not all desires can be fulfilled, necessitating trade-offs. This is where economics comes into play, serving as the study of choices humans make when goods have a cost because they are scarce. The valuation process varies across geographical locations, timeframes, and individuals, and even fluctuates within a single individual, especially as they accumulate more of a particular good. Saifedean emphasizes the variability of value, determined largely by our knowledge, our environment and our personal circumstances at a given moment. Thus, value cannot be objectively measured. As he points out, oil has gone from a good that people paid to get rid of, to a good that people paid a lot of money for. The properties of oil did not change, individual valuations did based on knowledge. Saifedean identifies a common pitfall in economic thought—equating value with price. These two concepts, he argues, are distinct. A trade merely suggests that each party values what they acquire more than what they give up. While prices reflect the preferences of those involved in a trade, they don't serve as an objective measure of an item's value. He illustrates this with the enduring paradox of why diamonds are pricier than water. This question mistakenly blends the concepts of price and value. Although diamonds fetch higher prices in the market, the subjective value of diamonds versus water ultimately depends on the individual and their specific circumstances. This chapter seems to be setting up Saifedean's approach to understanding human decision-making. He roots his understanding in fundamental principles, a stark contrast to non-Austrian methodologies, which often rely on oversimplified assumptions like the 'homo economicus' or deterministic numerical relationships. Human action is inherently varied, and this chapter compellingly argues for the recognition and understanding of this complexity and arms us with useful tools for evaluating it. @saifedean

There is no inflation if you bring back rationing! #TheFiatStandard thetimes.co.uk/article/how-to…

Scientists funded by fiat inflation continue to insist the weather can only be fixed by you consuming less of the things fiat inflation makes unaffordable. #TheFiatStandard

This bit from @thefiatstandard is relevant here. If the Fed simply licensed basic safe 100% reserve banking, it would destroy the fractional reserve banking model of the fiat cartel.

In @TheFiatStandard I offer an explanation for why fiat money is the cause of the degeneration of academia into irrelevant nonsense

The Persian version of @thefiatstandard is published and can be bought from the below link via fiat or crypto: shorturl.at/wyJ01 Thanks to @saifedean for authoring this book and for his exclusive foreword in Persian. Also, thanks to @AmirKhaleqi for excellent translation

“The wealthy can protect themselves in these situations by holding most of their wealth in hard assets, but the majority of the population will usually have most of its wealth in liquid assets, which are constantly devalued”- @thefiatstandard #Bitcoin 21 Million or #Dollar ♾️

تم نشر كتابي معيار النقد الحكومي بالعربية من قبل دار العبيكان The Arabic translation of @thefiatstandard is now out from @ObeikanStores obeikanpub.com/product/%D9%85…

👍 Książkę „Standard pieniądza dekretowego. Zniewolenie długiem jako alternatywa dla ludzkiej cywilizacji” (@thefiatstandard) autorstwa @saifedean możecie recenzować i oceniać na @LubimyczytacPL: lubimyczytac.pl/ksiazka/504907…

7⃣. Pakiet „Bitcoin”: wydawnictwofp.pl/ksiazki/pakiet… #Bitcoin #BTC