TIP505: The Price of Time w/ Edward Chancellor
We Study Billionaires - The Investor’s Podcast Network
The Concept of Income Smoothing
History tends to repeat itself or rhyme in finance, and interest rates and regulations have always been a challenge for regulators to ensure a fair level of interest on loans. Economists explore the concept of income smoothing and the time value of money in finance. The time value of money is linked to human impatience and the incentive to use time wisely for profitable economic activity.
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