![92. Introducing the Fiat Standard The Bitcoin Standard Podcast](https://ytimg.googleusercontent.com/vi/UxrV09BjGko/hqdefault.jpg)
92. Introducing the Fiat Standard The Bitcoin Standard Podcast
In this discussion on Twitter Spaces, Saifedean introduces his new book The Fiat Standard. Working through the book's chapters, he explains how the fiat monetary system works, why the Federal Reserve is its "single node," and how fiat currency is "mined" through bank loans. He also talks about the impact of the fiat monetary system on society in areas ranging from food to energy to education. Saifedean then answers questions from Twitter users about The Sovereign Individual thesis, CBDCs and whether Bitcoin miners are the “central banks” of Bitcoin.
Saifedean's first book, The Bitcoin Standard:
http://saifedean.com/thebitcoinstandard
Saifedean's second book, The Fiat Standard:
http://saifedean.com/thefiatstandard
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