The Fiat Standard Lecture 12: Fiat Cost-Benefit Analysis calculates the minor benefits of fiat & compares them to its massive destructive effects: wealth erosion, distorted markets, political power grabs, endless wars, societal decay & more.

You can buy the hardcover, ebook or audiobook in several languages on saifedean.com/TFS, where you can also find the full lecture notes available for free download.

You can also take the rest of Saifedean's courses by signing up to a membership on saifedean.com/membership

The Fiat Standard Lecture 11: Fiat States shows how fiat exports inflation via reserve currencies, swaps market discipline for IMF/World Bank debt traps, bailouts & central planning, limits capital flow, increases poverty & turns development into a misery industry.

You can buy the hardcover, ebook or audiobook in several languages on saifedean.com/TFS, where you can also find the full lecture notes available for free download.

You can also take the rest of Saifedean's courses by signing up to a membership on saifedean.com/membership

The Fiat Standard Lecture 10: Fiat Fuels shows how fiat distorts energy markets replacing reliable hydrocarbons with subsidized unreliable expensive fiat fuels, rewards climate hysteria over engineering imperatives, increases poverty & compromises human flourishing.

You can buy the hardcover, ebook or audiobook in several languages on saifedean.com/TFS, where you can also find the full lecture notes available for free download.

You can also take the rest of Saifedean's courses by signing up to a membership on saifedean.com/membership