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The Bitcoin Standard
by Saifedean Ammous · 2018
★★★★★Editor's Pickintermediate
The economic case for Bitcoin as digital gold — Ammous applies Austrian monetary theory to Bitcoin.
★ Why We Recommend It
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
Best For:Intermediate readersBuilding a foundationSecond-year study
★ Key Takeaways
What You'll Learn from The Bitcoin Standard
- 1Money emerged from the market; the best money is the hardest to produce.
- 2Bitcoin's fixed supply makes it the hardest money ever invented.
- 3Central bank inflation is a form of theft from savers.
- 4Bitcoin restores the sound money principles that the gold standard embodied.
- 5Low time preference — saving over spending — is the foundation of civilization.
★ About the Author
Saifedean Ammous
Saifedean Ammous is a leading thinker in the tradition of economic and political liberty. This work represents a significant contribution to the literature of freedom and free markets, and has influenced generations of students and scholars.
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