In The Fiat Standard, world-renowned economist Saifedean Ammous applies his unique analytical lens to the fiat monetary system, explaining it as a feat of engineering and technology just as he did for bitcoin in his global bestseller The Bitcoin Standard. This time, Ammous delves into the world's earlier shift from the gold standard to today's system of government-backed fiat money—outlining the fiat standard's purposes and failures; deriving the wider economic, political, and social implications of its use; and examining how bitcoin will affect it over time. With penetrating insight, Ammous analyzes global political currencies by analogy to bitcoin: how they're "mined" whenever government-guaranteed entities create loans, their lack of inherent restraints on inflation, and the rampant government intervention that has resulted in heavy, devastating, and persistent distortions to global markets for food, fuel, science, and education. Through these comparisons, Ammous demonstrates that bitcoin could be our next step forward—providing high salability across space, just like the fiat system, but without the unchecked fiat-denominated debt. Rather than a messy hyperinflationary collapse, the rise of bitcoin could look like a debt jubilee and an orderly upgrade to the world's monetary operating system, revolutionizing global capital and energy markets.
NEW YORK TIMES BESTSELLER * MORE THAN ONE MILLION COPIES SOLD “A provocative read...There are few tomes that coherently map such broad economic histories as well as Mr. Dalio’s. Perhaps more unusually, Mr. Dalio has managed to identify metrics from that history that can be applied to understand today.” —Andrew Ross Sorkin, The New York Times From legendary investor Ray Dalio, author of the #1 New York Times bestseller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes—and to offer practical advice on how to navigate them well. A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadn’t encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political, and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realization sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years. In this remarkable and timely addition to his Principles series, Dalio brings readers along for his study of the major empires—including the Dutch, the British, and the American—putting into perspective the “Big Cycle” that has driven the successes and failures of all the world’s major countries throughout history. He reveals the timeless and universal forces behind these shifts and uses them to look into the future, offering practical principles for positioning oneself for what’s ahead.
The bestselling citizen's guide to economics “Basic Economics reveals in every chapter why Thomas Sowell is one of America’s greatest thinkers. It is must-reading for anyone who wants the truth about how the laws of economics govern so many of the events in our daily lives.”―Arthur C. Brooks, New York Times bestselling author of Build the Life You Want Basic Economics is a citizen's guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. This fifth edition includes a new chapter explaining the reasons for large differences of wealth and income between nations. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.
AN INSTANT #1 NEW YORK TIMES BESTSELLER! Never stop...Never forget...Just remember. Charlie Wynwood and Silas Nash have been best friends since they could walk. They've been in love since the age of fourteen. But as of this morning...they are complete strangers. Their first kiss, their first fight, the moment they fell in love...every memory has vanished. Now Charlie and Silas must work together to uncover the truth about what happened to them and why. But the more they learn about the couple they used to be...the more they question why they were ever together to begin with. Forgetting is terrifying, but remembering may be worse. Heart-stopping and utterly captivating, the complete Never Never series, now available in one volume, will leave readers breathless and believing in the power of love. Perfect for fans of: * Verity, Too Late and The Wives * New Adult and Coming of Age stories * Angsty, romantic suspense * First loves and second chances * Colleen Hoover, Tarryn Fisher, Mia Sheridan and Lucy Score Don't miss the bestselling romantic mystery— Now available in a stunning hardcover Collector's Edition featuring nine exclusive illustrations, a foil-stamped case, beautifully sprayed edges and custom designed endpapers!
New York Times and USA Today bestselling author Lucy Score returns to Knockemout, Virginia, following fan-favorite Things We Never Got Over with Knox's brother Nash's story. Nash Morgan was always known as the good Morgan brother, with a smile and a wink for everyone. But now, this chief of police is recovering from being shot and his Southern charm has been overshadowed by panic attacks and nightmares. He feels like a broody shell of the man he once was. Nash isn't about to let anyone in his life know he's struggling. But his new next-door neighbor, smart and sexy Lina, sees his shadows. As a rule, she's not a fan of physical contact unless she initiates it, but for some reason Nash's touch is different. He feels it too. The physical connection between them is incendiary, grounding him and making her wonder if exploring it is worth the risk. Too bad Lina's got secrets of her own, and if Nash finds out the real reason she's in town, he'll never forgive her. Besides, she doesn't do relationships. Ever. A hot, short-term fling with a local cop? Absolutely. Sign her up. A relationship with a man who expects her to plant roots? No freaking way. Once she gets what she's after, she has no intention of sticking around. But Knockemout has a way of getting under people's skin. And once Nash decides to make Lina his, he's not about to be dissuaded…even if it means facing the danger that nearly killed him.
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#1 NEW YORK TIMES BESTSELLER / #1 WALL STREET JOURNAL BESTSELLER / #1 PUBLISHER'S WEEKLY BESTSELLER / #1 AMAZON BESTSELLER No American leader has accomplished more for his state than Governor Ron DeSantis. Now he reveals how he did it. He played baseball for Yale, graduated with honors from Harvard Law School, and served in Iraq and in the halls of Congress. But in all these places, Ron DeSantis learned the same lesson: He didn’t want to be part of the leftist elite. His heart was always for the people of Florida, one of the most diverse and culturally rich states in the union. Since becoming governor of the Sunshine State, he has fought—and won—battle after battle, defeating not just opposition from the political left, but a barrage of hostile media coverage proclaiming the end of the world. When he implemented COVID-19 policies based on evidence and focused on freedoms, the press launched a smear campaign against him, yet Florida’s economy thrived, its education system outperformed the nation, and Florida’s COVID mortality rate for seniors was lower than that in thirty-eight states. When he enacted policies to keep leftist political concepts like critical race theory and woke gender ideology out of Florida’s classrooms, the media demagogued his actions, but parents across Florida rallied to his cause. Dishonest attacks from the media don’t deter him. In fact, DeSantis keeps racking up wins for Floridians. In 2022, the governor delivered a historic, record-setting victory, winning by nearly 20 points and more than 1.5 million votes. A firsthand account from the blue-collar boy who grew up to take on Disney and Dr. Fauci, The Courage to Be Free delivers something rare from an elected leader: stories of victory. This book is a winning blueprint for patriots across the country. And it is a rallying cry for every American who wishes to preserve our liberties.
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This is the first genuine etymological dictionary of Old Chinese written in any language. As such, it constitutes a milestone in research on the evolution of the Sinitic language group. Whereas previous studies have emphasized the structure of the Chinese characters, this pathbreaking dictionary places primary emphasis on the sounds and meanings of Sinitic roots. Based on more than three decades of intensive investigation in primary and secondary sources, this completely new dictionary places Old Chinese squarely within the Sino-Tibetan language family (including close consideration of numerous Tiberto-Burman languages), while paying due regard to other language families such as Austroasiatic, Miao-Yao (Hmong-Mien), and Kam-Tai. Designed for use by nonspecialists and specialists alike, the dictionary is highly accessible, being arranged in alphabetical order and possessed of numerous innovative lexicographical features. Each entry offers one or more possible etymologies as well as reconstructed pronunciations and other relevant data. Words that are morphologically related are grouped together into "word families" that attempt to make explicit the derivational or other etymological processes that relate them. The dictionary is preceded by a substantive and significant introduction that outlines the author’s views on the linguistic position of Chinese within Asia and details the phonological and morphological properties, to the degree they are known, of the earliest stages of the Chinese language and its ancestor. This introduction, because it both summarizes and synthesizes earlier work and makes several original contributions, functions as a useful reference work all on its own.