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The meteoric rise of Bitcoin and other cryptocurrencies over the past years just goes to show that even something as ubiquitous as money is ripe for disruption.\nAnd even though crypto is a space that many of us are just beginning to understand, its principles call into question the validity of the existing fiat monetary system.\nIn his latest book, The Fiat Standard: The Debt Slavery Alternative to Human Civilization, Dr. Saifedean Ammous sets out to do just that.\nUsing the first principles thinking that he used to write his bestselling book, The Bitcoin Standard, Dr. Ammous analyzes the history of fiat currency, the shift away from the gold standard, and the economic, social and political fallout that came as a result.\nFind out more by ordering his book here: https://amzn.to/3DRdLbf\n\nSHOW NOTES:\n00:00 | Introduction\n01:28 | What is Fiat Currency?\n05:57 | How Types of Money are Created\n14:25 | Fiat, Self-Correction, and Hyperinflation\n18:10 | What is Hard Money?\n23:48 | The Transition to Universal Debt Slavery\n27:54 | Fiat vs. Hard Money\n33:10 | Deflation vs. Inflation\n43:22 | Why the Wealthy Hold the Most Debt\n46:23 | Has Fiat Currency Ruined the University?\n1:01:34 | Bitcoin vs. Central Planning\n1:05:26 | Why Printing Money is Destructive\n1:19:28 | Bitcoin vs. Gold Standard\n1:24:18 | How Bitcoin Will Consume the Bond Market\n1:28:06 | Transitioning to a Crypto Economy\n\nFollow Dr. Saifedean Ammous:\nWebsite: https://saifedean.com/\nTwitter: https://twitter.com/saifedean\nInstagram: https://www.instagram.com/saifedean/\nOrder The Fiat Standard: https://amzn.to/3DRdLbf\n\nCheck out our sponsors: \nAthletic Greens: Go to athleticgreens.com/impact and receive a FREE 1 year supply of Vitamin D AND 5 free travel packs with your first purchase! \nIndeed: Get a FREE $75 CREDIT to upgrade your job post at indeed.com/IMPACT \nTommy John: tommyjohn.com/impact \nBlinkist: Go to https://blinkist.com/impact Try it FREE for 7 days and save 25% off your new subscription. \n\nAre You Ready for EXTRA Impact?\nIf you\u2019re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.\nWant to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.\xa0\nThis is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.\nSubscription Benefits:\n\nUnlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more\n\nNew episodes delivered ad-free\n\nExclusive access to Tom\u2019s AMAs, keynote speeches, and suggestions from his personal reading list\n\nYou\u2019ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:\n\n\nLegendary Mindset: Mindset & Self-Improvement\n\n\nMoney Mindset: Business & Finance\n\n\nRelationship Theory: Relationships\n\n\nHealth Theory: Mental & Physical Health\n\n\nPower Ups: Weekly Doses of Short Motivational Quotes\xa0\n\nSubscribe on Apple Podcasts: https://apple.co/3PCvJaz\nSubscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices