Saifedean discusses chapters 3 and 4 of The Fiat Standard with subscribers. These foundational chapters explain how the fiat system functions with analogy to Bitcoin, studying central banks as nodes and examining their core functions, explaining how lending in fiat is the equivalent of mining in bitcoin, how it translates to supply issuance, and how to understand price inflation in fiat. Join saifedean.com to receive new chapters as they're written, before publication!