SLP296 Saifedean Ammous - The Biggest Fiat Malinvestment
Stephan Livera Podcast
00:00
You See, You Know, It Happens in Other Areas of Life as Well
When we're constantly becoming less secure in the present and in the future, people discount it more and more. People focus more on a the day to day. Social bonds that tie people together become less and less significant. We don't have a mechanism for providing for a future so we start discounting it heavily. So when your present is hunger, you're hungry to day. You might die this week, who cares about what he can do to you in 20 years time?
Play episode from 32:32
Transcript
