Human action and the interest rate
People value present goods more highly than future goods. For instance, an apple available today is considered more valuable than the same apple available in, say, one month. This is expressive of time preference — which is an undeniable fact, a category of human action.
The sentence “Humans act” is a logically irrefutable truth. It cannot be denied without ... Jetzt HIER klicken und mehr lesen!
Ein Beitrag von Dr. Thorsten Polleit.
