3min chapter

The Joe Walker Podcast cover image

Back To The Future - Tyler Cowen

The Joe Walker Podcast

CHAPTER

The Importance of a Positive Social Discount Rate

Caring about the distant future doesn't come naturally to most people. Many highly successful people have been born into cultures with high savings rates. Why do some cultures have higher savings rates than others? I think the most common reason is if you take, say, China during its period of very rapid growth.

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