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6min chapter
Time, Capital, and Civilization | The Song Series | Episode 1 (WiM080)
The "What is Money?" Show
Savings, It's Not Just for the Individual Saver
There's a bell curve, as we just said, like earlier in life, you tend to have a higher time prefeence. Clearly, fiot currency has a big influence on that, which i think we'll get into here. But this was an going deeper to the factors tat influenced time preference. I thought his was excellent when i en counter the personal, social and institutional factors. Hoppy makes the point that savings, it's not just lowering the time preference of the individual. Rigt that it's actually creating a more investment in the economy, which is increasing.
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