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115. The Pitfalls of the Fiat Standard: Marty Bent interviews Saifedean Ammous

The Bitcoin Standard Podcast

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Is There a Future That We're Discounting?

The value for everything in the future gets discounted because we prioritize consumption now. If you discount the future heavily, you don't care about the quality of your soil ten years from now. And as time preference has arisen, and as the value of money has declined, the quality of the soil has declined. It's a very high time preference thing to do. You've degraded the earth for short term profits. Now we're at the point where, you know, to day is the ah future that the past generations have discounted, and now we're paying the price for it, yes?

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