Of the thousands of works in my Repository, one stands out as one of the most important books on Bitcoin and economics in general: The Bitcoin Standard, by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

The Bitcoin Standard goes deep into the history of money, its role in society, and the impacts of easy and hard money in daily life. Far beyond simply explaining what Bitcoin is, Saifedean Ammous puts Bitcoin in its appropriate historic and economic contexts, and illustrates the incalculable benefits of a world using Bitcoin as its reserve currency.

If you haven’t read it yet, here are some highlighted quotes from The Bitcoin Standard, to give you an idea of what to expect from it:

"A money that is easy to produce is no money at all, and easy money does not make a society richer; on the contrary, it makes it poorer by placing all its hard-earned wealth for sale in exchange for something easy to produce."

"The lowering of the time preference is what initiates the process of human civilization and allows for humans to cooperate, prosper, and live in peace."

"As an economics professor, I make sure to teach the marshmallow experiment in every course I teach, as I believe it is the single most important lesson economics can teach to individuals, and am astounded that university curricula in economics have almost entirely ignored this lesson, to the point that many academic economists have no familiarity with the term time preference altogether or its significance."

"Capitalism is what happens when people drop their time preference, defer immediate gratification, and invest in the future. Debt‐fueled mass consumption is as much a normal part of capitalism as asphyxiation is a normal part of respiration."

"Although the emperors of Rome frantically tried to “manage” their economies, they only succeeded in making matters worse. Price and wage controls and legal tender laws were passed, but it was like trying to hold back the tides. Rioting, corruption, lawlessness and a mindless mania for speculation and gambling engulfed the empire like a plague. With money so unreliable and debased, speculation in commodities became far more attractive than producing them."

"It is no coincidence that when recounting the most horrific tyrants of history, one finds that every single one of them operated a system of government-issued money which was constantly inflated to finance government operation."

The Bitcoin Standard is a must-read, whether you have been using Bitcoin for years, or you've only recently heard of it. Some may find that it's not a quick or easy book to read, but it will educate you on the importance of sound money, and what #Bitcoin can do for everyone who uses it.