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Exploring the impact of transitioning to a fiat standard and the distortions in sectors like education, nutrition, energy, science, and medicine. The spread and impact of DEI and ESG mandates, and tactics used to silence dissent. The influence of anti-rational memes and the role of hard money standard in promoting rational ideas and suppressing criticism.
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Quick takeaways
- Transition to fiat money standard has caused distortions in sectors and disconnects monetary success from productivity.
- Fiat money hinders wealth creation by promoting anti-rational memes, while a hard money standard enables market competition and rational ideas.
Deep dives
The Distortions of the Fiat Standard
Dr. Safadine Amus explains how the transition from a hard money standard to the current fiat standard has caused distortions in various sectors like education, nutrition, energy, science, and medicine. Fiat money severs the connection between work and reward, making monetary success dependent on political obedience rather than productivity. This system teaches people to play politics instead of being productive and rewards artificial status games over actual productivity.
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