Michael Snoyman on Nostr: Most of us, as children, were taught the value of planning for, working for, and ...
Most of us, as children, were taught the value of planning for, working for, and saving for the future. As a result, low time preference behavior (put money in the bank, but frivolously spend) is what we intuitively know is "good."
That's why it's so important that the other side portray low time preference behavior as _evil_ (because it slows down the economy... yes it's a stupid argument) and, at the same time, point to their own version of "investment": putting money into wars, "climate" protection, and other things that don't benefit us directly, but show that we're good people.
Low time preference and making the best decisions for you, personally, will be better for you _and_ the overall human species.
That's why it's so important that the other side portray low time preference behavior as _evil_ (because it slows down the economy... yes it's a stupid argument) and, at the same time, point to their own version of "investment": putting money into wars, "climate" protection, and other things that don't benefit us directly, but show that we're good people.
Low time preference and making the best decisions for you, personally, will be better for you _and_ the overall human species.