Hard Money and Time Preference
Money is what allows individuals to face uncertainty, by controlling and debasing money, governments of the world shift the time preference of individuals to somewhere closer to the present time. This currency inflation disincentivizes saving with societal consequences that go much beyond economics...
| Published in: | Mises |
|---|---|
| Main Authors: | , |
| Format: | Article |
| Language: | Portuguese |
| Published: |
Instituto Mises Brasil
2022-11-01
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| Subjects: | |
| Online Access: | https://www.revistamises.org.br/misesjournal/article/view/1495 |