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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: Money began as a medium for indirect value exchange.
Chapter 3: Gold became the foundation of sound money.
Chapter 4: European governments devalued their currencies to finance their wartime efforts.
Chapter 5: Gold-backed currency was replaced by fiat money after the First World War.
Chapter 6: Sound money forms the foundation of a functioning economy.
Chapter 7: Unsound money triggers recessions and growing debt.
Chapter 8: Bitcoin is uniquely defined by scarcity.
Chapter 9: Bitcoin is uniquely secure by design.
Chapter 10: Bitcoin may become a new standard, though it still faces challenges.
Description
The Bitcoin Standard (2018) traces the story of money, from the very first rock currencies to the Victorians’ love affair with gold and today’s new kid on the block – digital cryptocurrency. Saifedean Ammous, an economist convinced that we need to embrace the forgotten virtues of sound money, believes Bitcoin might just be the future. Like yesteryear’s gold reserves, it has unique properties that mean it’s ideally placed to act as a medium of exchange that can’t be manipulated by bumbling governments. And that’s great news if we want to return our economies to stability and growth and put the cycle of boom and bust behind us.
Who Should Listen
- People interested in the history of money
- Economists and business buffs
- Anyone with an eye on the future