117. The Problem with Interest with Tarek El Diwany (and Allen Farrington!)
The Bitcoin Standard Podcast
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The Er, the Way That the Austrians Ar Approach This Topic
The way that the austrians ar approach this topic, when you think about it in terms of time preference, and the austrian ability to analyze time preference is the key toward bridging the two a ideas. From the er estomic compliant economics, it's a prescriptive, noran prescriptive and normative statement that we want to have a low time preference. On the other hand, from the austrian perspective, i think what happens in papa says that the lowering of time preference initiates the process of civilization,. The process of civilization leads to a feedback which also lowers the time preference further and further.
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