The Bitcoin Standard Podcast 290. The Fiat Standard Lecture 9: Fiat Science
Sep 9, 2025
Explore how fiat money centralizes education and distorts scientific research. Delve into the pitfalls of government funding that leads to inefficiency and lack of accountability. Discover the challenges in Egypt's educational system and the transformation of universities into indoctrination centers. Hear a critique of humanities education that prioritizes politics over real skills, and the flaws of the current academic publishing system. Finally, analyze the alarming influence of financial interests on scientific innovation and health guidelines.
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School Funding Changes Who Teachers Serve
- Government-funded schooling shifts teacher accountability from students to bureaucrats and reduces performance incentives.
- Fiat funding turns schools into institutions serving government priorities rather than pupils' learning outcomes.
Teacher Tutoring Inside The Same School
- In Egypt the same teacher met the same students in government school mornings and paid private tutoring in the afternoons at the same classroom.
- Students learned in paid sessions but wasted time in free mandatory school, showing how incentives shape effort.
'Private' Universities Depend On Fiat Funding
- Most private universities rely heavily on government research grants and subsidized student loans, making them effectively beholden to government funding.
- Fiat subsidies disconnect university success from student outcomes and align it with bureaucratic approval instead.
