The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
BTC057: How Fiat Works w/ Dr. Saifedean Ammous (Bitcoin Podcast)
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Show notes
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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