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Time, Capital, and Civilization | The Song Series | Episode 1 (WiM080)
The "What is Money?" Show
Low Time Preference - Virtue Begets Virtue
The lower your time preference, the more of that community you're taking into out of yourself. So lowering our time preference is expanding this concern for others effectively. And i guess that's kind of the soil from where virtue springs. A little bit like it doesn't jost create virtue. But once you've lowered your time preference,. you're more likely to adopt these different virtues which are suitable for dealing with a larger community and so on.
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