2/2 ... On the contrary, consumers with low time preference are more willing to undertake short-term costs to get future improvements." (Source: http://centmapress.ilb.uni-bonn.de/ojs/index.php/proceedings/article/view/1323 …)
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The ability to precisely keep track of debts and owing money to strangers is an aberration to the normal condition of man. Forgiving debts should be done regularly.
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It is even in the frickin' Lord's prayer. Mouthing the words without understanding their meaning or why were they put there in the first place. Hint:it was customary to forgive all debts every 7 years. If you didn't forgive to someone, you were considered very callous and a jerk.
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The idea of accumulation is their great taboo The fact that all money expires - "What have you done for me lately?" - might seem callous But the capacity to "save up" and eventually "own hard assets", on the other hand, is what caused all the great evils of the world
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those were good books had some interesting ideas, i liked the strange loop stuff and the other stuff that they inspired
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Demurrage charges (negative interest rates) work well to discourage hoarding and encourage long-term ecologically sustainable investments. http://www.transaction.net/money/#implications …
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Please give this a listen and tell me how what is currently going on is sustainable: "[...] our monetary system has led to a massive, bloated, and over-financialized economy, forcing people to fight just to keep the value they already earned." https://bitcoinaudible.com/?p=5554
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