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Guest Episode: Mises Institute with Jeff Deist: The Fiat Standard

The Bitcoin Standard Podcast

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The Consequences of Discounting Your Future

People have less of an incentive to invest in a family because a family is a long term project. You see it in architecture, I think buildings are probably the longest serving consumer goods that we have. The longer the good is expected to serve, the more that discounting your future will affect the decision you will do. And so we see in the 20th century, architecture becomes much less durable and it becomes far more disposable almost.

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