Saturday, February 24, 2018

Time Preference Destruction


The One Variable and its Decay Which Spells Doom For Every Advancing Society The average time preference level of any society is about as close to a society wide "vital sign" as you can get. When it gets too high, the end is near. Unfortunately, the only way to measure this is with free market interest rates, which haven't existed for a very long time.
https://mindpersuasion.com/time-preference-destruction/

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