If you still think that memecoins are funny you clearly haven't read this book.

It is literally a fiat idea. It forces people to accept the inferior 'paper' substitute at the same price as the legit money. This causes a 'race to the bottom'. Fantastic explanation in this book

One of my favourite chapters of The Ethics of Money Production summarised in a great thread. Check it out and follow Jonathan

We have to conceptually separate the money production from the production of goods and services. Recommend reading the ethics of money production by guido hulsmann

I want to recommend a book that is about bitcoin, but was actually written before bitcoin came on the scene, that is called "The Ethics of Money Production". I think that is one of the most important books that you can read to understand what is really going on.