In this episode, I sit down with Jimmy Song to explore the decline of education, and how fiat money corrupts institutions and distorts incentives throughout every layer of society.
If you’re looking for a hard-hitting discussion on why Bitcoin matters beyond just price, this episode is for you.
––– Offers & Discounts –––
Get 10% off your ticket for the Bitcoin Conference 2025 in Vegas! Use the promo code MATRIX at https://tickets.b.tc/affiliate/matrix/event/bitcoin-2025
Theya is the world’s simplest Bitcoin self-custody solution. Download Theya Now at theya.us/cedric
Get up to $100 in Bitcoin on River at river.com/Matrix
The best Team Bitcoin merch is at HodlersOfficial.com. Use the code Matrix for a discount on your order.
Become a sponsor of the show: https://thebitcoinmatrix.com/sponsors/
––– Get To Know Today's Guest–––
Jimmy Song on X: https://x.com/jimmysong
Jimmy Song on Nostr: npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42
––– Socials –––
Check out our new website at https://TheBitcoinMatrix.Com
Follow Cedric Youngelman on X: https://x.com/cedyoungelman
Follow The Bitcoin Matrix Podcast on X: https://x.com/_bitcoinmatrix
Follow Cedric Youngelman on Nostr: npub12tq9jxmt707gd5vnce3tqllpm67ktr0mqskcvy58qqa4d074pz9s4ukdcs
––– Chapters –––
00:00 - Intro
01:23 – Introduction to Jimmy Song
09:58 – Jimmy’s latest book: Fiat Ruins Everything
11:14 – The inspiration behind writing the book
13:57 – The deep corruption of the fiat system
14:51 – Rent-seeking and why it dominates fiat economies
18:25 – How fiat steals dreams and replaces meaning
21:52 – The role of fiat education vs. family legacy
26:06 – How fiat companies replace community
29:06 – The decline in education and critical thinking
31:52 – Fiat politics taking over religion
35:27 – How fiat debases morality
40:31 – The rise of virtue signaling
44:55 – Debt, discipline, and the fiat consumption trap
48:28 – Speculative asset bubbles as a form of rent-seeking
51:27 – Resentment toward the wealthy in a fiat world
55:25 – How fiat debases marriage
01:01:20 – The erosion of love and relationships
01:07:17 – Why society devalues population growth
01:17:15 – The significance of children and family
01:21:03 – Postmodern investing and fiat-driven markets
01:29:06 – Are startups a legitimate non-fiat path?
I want to take a moment to express my heartfelt gratitude to all of you for tuning in, supporting the show, and contributing.
Thank you for listening!