Fixes This
FIXES THIS
TIME PREFERENCE
High Time Preference:
Instant gratification, Impatience, Short-term planning
Low Time Preference:
Delayed gratification, Patience, Long-term planning
High-time preference leads to personal, societal and
environmental destruction. When our money is losing value each
day, we are 'forced' to be impatient and to spend it as
quickly as possible, before it loses more value.
When our time is devalued by an ever-inflating fiat currency,
we lose connection to the value of our time.
This leads to disconnection, and an undercurrent of stress.
Attempts to alleviate the stress, and find meaning, are
distorted and become distractions such as over-consumption of
drugs, alcohol, shopping, porn, fast food, short attention
spans, addiction to screens/social media, impulsive decisions
etc.
Sound money on the other hand, which holds its value over
time and properly measures our contributions through our
work, leads to a low-time preference, thoughtful quality of
life, with meaningful relationships, less consumption,
deeper connection, more profound conversation, long-term
goals and increased creativity.