117. The Problem with Interest with Tarek El Diwany (and Allen Farrington!)
The Bitcoin Standard Podcast
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Why Humanity Prefers Later Than in the Present
There are many examples where humanity actually prefers, despite its hard wiring, to have things late than in the present. I extend that su of time preference, because if we do accept that money now is worth more money than money later, as o a hundred pounds to day is the equivalent of a hundred ten pounds next years. But this is not about how pople do farmi it's not about whether they use chemicals. It's about the financial system which encourages them to make the wrong choice.
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