Just finished @saifedean's lecture on "Fiat Science." Mind blown.
If you thought Fiat Food was shocking, wait till you see how unsound money has destroyed our schools, universities & science itself.
It's a system of rot you can't unsee. 🧵
1/11
If you thought Fiat Food was shocking, wait till you see how unsound money has destroyed our schools, universities & science itself.
It's a system of rot you can't unsee. 🧵
1/11
It starts with a feel-good lie: "free" education.
When government pays, schools stop being accountable to parents & students. They become accountable to bureaucrats.
The goal shifts from education to allegiance.
2/11
When government pays, schools stop being accountable to parents & students. They become accountable to bureaucrats.
The goal shifts from education to allegiance.
2/11
The result? "Free" education is MORE expensive.
In Washington DC: → Average private school: $23,959 → Average gov't school: $31,280
Taxpayers pay 20%+ more for a worse product. This is the fiat grift.
3/11
In Washington DC: → Average private school: $23,959 → Average gov't school: $31,280
Taxpayers pay 20%+ more for a worse product. This is the fiat grift.
3/11
The rot accelerates in universities. @saifedean's summary is perfect:
Fiat turned universities into "a makework welfare program for nerds, a highly overpriced credential mill, an inescapable debt trap... and a political indoctrination camp."
4/11
Fiat turned universities into "a makework welfare program for nerds, a highly overpriced credential mill, an inescapable debt trap... and a political indoctrination camp."
4/11
In a fiat university, the student is NOT the customer. You are the PRODUCT.
The real customers are gov't & corporate sponsors.
The goal isn't to educate you, but to sell you into debt and compliance.
5/11
The real customers are gov't & corporate sponsors.
The goal isn't to educate you, but to sell you into debt and compliance.
5/11
How does this broken system measure "success" without a market?
It invents a fake metric: Academic Publications.
"Publish or perish" replaces teaching quality. Churning out papers is all that matters.
6/11
It invents a fake metric: Academic Publications.
"Publish or perish" replaces teaching quality. Churning out papers is all that matters.
6/11
This creates a parasitic cartel: academic publishers.
The scam:
1. Universities (your taxes) pay journals huge fees.
2. Professors (university employees) provide all the writing & editing labor FOR FREE.
A perfect fiat money-laundering scheme.
7/11
The scam:
1. Universities (your taxes) pay journals huge fees.
2. Professors (university employees) provide all the writing & editing labor FOR FREE.
A perfect fiat money-laundering scheme.
7/11
The result is an inflation of meaningless papers. It's Fiat Science. Quantity crushes quality.
The only rule, per scientist Brian Nosik: "In academia, there's no cost to getting things wrong. The cost is not getting them published."
8/11
The only rule, per scientist Brian Nosik: "In academia, there's no cost to getting things wrong. The cost is not getting them published."
8/11
This is why most published research is likely FALSE.
The system is designed to publish statistical noise—the few random "successes" out of thousands of trials.
This is why one study says coffee cures cancer & the next says it causes it.
9/11
The system is designed to publish statistical noise—the few random "successes" out of thousands of trials.
This is why one study says coffee cures cancer & the next says it causes it.
9/11
This corrupts the meaning of "science."
Real science is a PROCESS of questioning. "The Science™" is a RELIGION of authority, funded by the money printer.
"Trust the Science" is fiat-speak for "Obey the Planners."
10/11
Real science is a PROCESS of questioning. "The Science™" is a RELIGION of authority, funded by the money printer.
"Trust the Science" is fiat-speak for "Obey the Planners."
10/11
The whole system, from K-12 to academic journals, is captured by fiat incentives. It rewards hysteria & gibberish while punishing truth.
The intellectual sludge in our world is a direct result of debased money.
Fix the money, fix the science. #Bitcoin Thanks @saifedean
/end
The intellectual sludge in our world is a direct result of debased money.
Fix the money, fix the science. #Bitcoin Thanks @saifedean
/end
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