BTC057: How Fiat Works w/ Dr. Saifedean Ammous (Bitcoin Podcast)

IN THIS EPISODE, YOU’LL LEARN:

00:51 - What gave Saifedean the idea for the new book.

04:15 - What are the four key elements of how the Fiat system works?

10:38 - What surprised Saifedean the most about what value fiat brings to the existing economy.

15:39 - Inflation is a vector - what does that mean?

24:27 - How has fiat corrupted the existing incentives in food, academia and other areas?

36:19 - What is the shadow banking system?

37:59 - What's the purpose of the IMF?

58:10 - How does fiat mess with economic calculation?

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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