
284. The Fiat Standard: Lecture 3 - Fiat Technology
29 Jul 2025
• 41 min
• EN
Lecture 3 of The Fiat Standard explains the underlying technology behind fiat: a centralized network where money is created from credit expansion, devaluing existing holders" wealth, externalizing default risk onto society, & undermining savings, trade, & capital accumulation. 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
From "The Bitcoin Standard Podcast"
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