Book Review: The Fiat Standard: The Debt Slavery Alternative to Human Civilization

Abstract

Saifedean Ammous' 18-chapter sequel to _The Bitcoin Standard_ (2018) shows how the technology used as money directs the way a society develops. The analysis of a world dominated by fiat currency is accompanied by a discussion of the switch from a gold standard to a fiat standard, then the possible move to a bitcoin standard. Though the book appears to go overboard in its quest to blame fiat currency as cause of many, if not all, societal problems, the book undoubtedly brings to light important factors that need to be further addressed.