100: Explaining Bitcoin with Parker Lewis
The Bitcoin Standard Podcast
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The Ability to Save Is What Lowers Our Time Preference
The ability to save itself is what lowers our time preference. When we have a mechanism for storing value into the future, it makes us more concerned with the future. And in fact, we do see that interustrates generally declining over time. In an easy money world, you want to think about the past and when the government can print money, or legis living in an easyMoney world, then somebody else puts a gun to your head because you've delivered value there. You spend that valuaty less so that's going to purchase less and less as well. So i think having an entirely different mind set about planning for the future contributes to those kind of incentives.
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