Episode · The Jordan B. Peterson Podcast · 2021-11-15
Books mentioned on 203. The Immaculate Conception: Bitcoin vs Fiat Standard | Dr. Saifedean Ammous
This episode was recorded on September 8th 2021. Saifedean Ammous is an expert on Bitcoin with a PhD from Columbia University.
Saifedean Ammous discussed Socialism by Ludwig Von Mises. Jordan Peterson recommended The Bitcoin Standard by Saifedean Ammous and others and The Fiat Standard by Saifedean Ammous.
Books mentioned, in the order they came up
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Socialism
Socialism by Ludwig Von Mises is a 1922 treatise that offers a rigorous economic critique of socialist systems and central planning.
Discussed“this is one of the critiques that mises has leveled at socialism exactly a century ago 1922 he wrote his book socialism and until today I don't think there has been a single socialist that has actually Illustrated their ability to comprehend this point”
Where to get it
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The Bitcoin Standard
Saifedean Ammous's "The Bitcoin Standard" offers a detailed exploration of the history of money and argues for the economic necessity of a hard, decentralized currency rooted in Austrian economic principles.
Recommended“so everyone remembers the two books are um the Bitcoin standard and the Fiat standard”
Where to get it
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The Fiat Standard
Saifedean Ammous's book The Fiat Standard explores the economic consequences of government-issued fiat currency systems, arguing that traditional monetary policies have subsidized dysfunctional energy grids and various structural inefficiencies over the past half-century.
Recommended“so everyone remembers the two books are um the Bitcoin standard and the Fiat standard”
Where to get it
Other mentions in this episode (12) — ad reads, self-promotion and passing references, never counted
“Dr safetine is the author of the Bitcoin standard which was published in 2018 and the newly released Fiat standard”
“Dr safetine is the author of the Bitcoin standard which was published in 2018 and the newly released Fiat standard”
“and I think this is a big deal and essentially the first four chapters of my book focus on explaining why this is such a big deal”
“and um this is kind of the sociological explanations for it now to get more technical in terms of the explanations”
“and in fact I discussed this in the Fiat standard uh okay I use this as a as an uh as an example of how Fiat corrupts the planet”
“and I think this is something I discuss extensively in the Bitcoin standard I think that's uh highly related to the time preference of individuals which is an enormously important topic”
“I've done the numbers in the Fiat standard”
“also we've always used but again it won't build you a car um in order to have all these modern conveniences that we have we need those energies and people in the Fiat world are completely dissociated from this reality”
“so in the Fiat standard looking at the uh looking at the way that the Fiat money works as uh you know”
“um what happens is that uh you know if more miners try and mine copper or gold or silver you end up with a lot more copper or so gold or silver”
“um what happens is that uh you know if more miners try and mine copper or gold or silver you end up with a lot more copper or so gold or silver”
“and in fact I begin the second section of my Fiat standard books called Fiat life”