Max and Stacy interview Dr Saifedean Ammous about his new book The Fiat Standard offered as part of a course at Saifedean.com. They talk about the origins of the fiat standard and how gold confiscation was crucial to its introduction. The Fiat Standard was introduced through a series of temporary measures, each measure a response to problems inherent to the gold standard and born out of a need to default on debts. Fiat today is a compulsory implementation of debt-based centralized ledger technology monopolizing financial and monetary services worldwide. Nobel economist, Paul Krugman says that 'fiat is backed by men with guns.' Indeed. Bitcoin is backed by something far more powerful: men and women with nodes, asics and private keys. Max and Stacy continue the conversation: - When the going gets tough, bitcoiners whip out the memes. - Judge a man by how he deals with failure not success - 'Battery acid meets stoicism' is the Finnish character and that applies to bitcoin where the odds of success were fifty-sixty as Stacy discusses 'sisu' and how it is the 'honey badger' of cultural constructs - What CRASH JPM, BUY SILVER taught Stacy about being a winner - Max promises some pole dancing after ski jumping before launching into a spontaneous ad for SwanBitcoin.com