Dr. Saifedean Ammous | Member _____ | Activity https://academy.saifedean.com/members/5780/activity/ Activity feed for Member _____. Sat, 18 Apr 2026 20:26:43 +0000 https://buddypress.org/?v=2.21.0 en-US 30 hourly 2 039ee56d9380824f1e211e0c61c36b0b Member _____ replied to the discussion Why is there not a single country in the world on a gold standard TODAY? in the forum The Fiat Standard https://academy.saifedean.com/forums/discussion/why-is-there-not-a-single-country-in-the-world-on-a-gold-standard-today/#post-143691 Tue, 06 Jan 2026 22:08:28 +0000 Reply to Why is there not a single country in the world on a gold standard TODAY?

Education and culture will let individuals choose the hard money, yes. (He who hoards first the new hard money becomes more powerful over time, and that’s how easy moneys get replaced by harder ones.)

But for countries, because it’s about masses of people, I guess stable adoption of harder moneys will be about game theory dynamics?

Clearly the…

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]]> a33b965865414fe58d4d64300b8ed3a5 Member _____ replied to the discussion Why is there not a single country in the world on a gold standard TODAY? in the forum The Fiat Standard https://academy.saifedean.com/forums/discussion/why-is-there-not-a-single-country-in-the-world-on-a-gold-standard-today/#post-47747 Thu, 26 Oct 2023 13:43:43 +0000 Reply to Why is there not a single country in the world on a gold standard TODAY?

Lyn Alden discusses this in her book Broken Money (or in her interviews, for example Bankless this week)… My interpretation here.

Imagine there is a war.

The country that can print money out of thin air is able to finance the war effort by extracting all the wealth from its people.

The country on hard money standard (e.g. gold) can only…

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