Goddess / Queen
- Mar 10, 2021
You clearly dont know what it isYou didn't answer.
Why does time preference exist? Why does the value of money decrease over time according to it?
The faggot reacting with cope doesnt realize there exists two real life examples of this : Singapore and South Korea but also chinaIf capitalism had no welfare state most people would save their money and consumer industries would be replaced giant space corporations that try to mine asteroids in a planetary resource race
You clearly dont know what it is
It is merely the increased value someone is willing to pay for something now vs in the future
Loans capture this thats the point of interest since capital is finite
The point of globalization is to achieve snap without saying it undemocraticallyit's all arbitrary man-made conventions and inventions, but retarded anarcho-capitalisrs think that only their arbitrary conventions are somehow sacred and natural, and that everything else should be swept away, despite the impossibility of even maintaining their horseshit in the absence of all the things they want to get rid of
People are willing to pay more now compared to less for having it in the future
Are you retarded faggot? Go re read the definitions before you ask retarded questions
You should if it meant in 1 month its a salary vs right now its a loan aka you have no money now and you want that to get nike shoes so you take a loanAre you retarded?
Are you saying you rather take 100 dollars in a month compared to 100 dollars today?
No one would ever do that...
You should if it meant in 1 month its a salary vs right now its a loan aka you have no money now and you want that to get nike shoes so you take a loan
You should wait a month instead
People who fail to do this basic logical step are punished