In "The Fiat Standard," economist Saifedean Ammous explores the fiat monetary system, comparing it to Bitcoin as he did in "The Bitcoin Standard." Ammous examines the transition from the gold standard to fiat money, highlighting its purposes, failures, and broader implications. He analyzes global currencies, their creation, inflation issues, and government intervention's market distortions. Ammous suggests Bitcoin as a future monetary system, offering stability without uncontrolled debt. Instead of hyperinflation, Bitcoin's rise could lead to a debt jubilee and a monetary system upgrade. Ammous, author of "The Bitcoin Standard," teaches Bitcoin and Austrian economics on Saifedean.com and hosts "The Bitcoin Standard Podcast."