oter

The fiat standard is unsustainable from "summary" of The Fiat Standard by Saifedean Ammous

The fiat standard is unsustainable. The fiat standard is unsustainable because the system is fundamentally based on a flawed premise. The fiat standard is unsustainable because it allows governments to create money out of thin air. The fiat standard is unsustainable because it leads to rampant inflation. The fiat standard is unsustainable because it erodes the value of money over time. The fiat standard is unsustainable because it encourages reckless spending. The fiat standard is unsustainable because it enables governments to fi...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Inflation can erode the purchasing power of money
    Inflation can erode the purchasing power of money
    Inflation is a persistent increase in the overall level of prices in an economy. When prices rise, each unit of currency buys f...
    Questions about the nature of consciousness and identity remain unanswered
    Questions about the nature of consciousness and identity remain unanswered
    The enigmatic nature of consciousness and identity continues to baffle scientists, philosophers, and theologians alike. Despite...
    Bitcoin represents the future of money
    Bitcoin represents the future of money
    Bitcoin represents the future of money not because it is a new technology, but because it is a return to an old monetary standa...
    Globalization can have negative consequences for developing countries
    Globalization can have negative consequences for developing countries
    Globalization, while often lauded for its potential to bring about economic growth and development, can also have detrimental e...
    Myth of economic equality
    Myth of economic equality
    The idea that economic equality can – and should – be achieved is a seductive notion that has captured the imagination of many ...
    Debt levels impact economic growth
    Debt levels impact economic growth
    Atif Mian and Amir Sufi argue that the level of debt in an economy has a significant impact on its overall economic growth. Whe...
    Markets are essential for coordinating economic activities
    Markets are essential for coordinating economic activities
    The coordination of economic activities is a complex and crucial task in any society. Without effective coordination, resources...
    Paul Samuelson's synthesis of Keynesian and neoclassical economics paved the way for modern macroeconomic theory
    Paul Samuelson's synthesis of Keynesian and neoclassical economics paved the way for modern macroeconomic theory
    Paul Samuelson, one of the most influential economists of the 20th century, played a significant role in shaping modern macroec...
    Economic policies influence market outcomes
    Economic policies influence market outcomes
    Economic policies have a significant impact on the outcomes we observe in markets. These policies are put in place by governmen...
    Thrift and savings as moral virtues
    Thrift and savings as moral virtues
    Thrift and savings, as moral virtues, play a central role in the Protestant Ethic. The idea that one should work hard, save mon...
    oter

    The Fiat Standard

    Saifedean Ammous

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.