Elaborating on the Austrian Time Preference Theory by Alex Merced I write this article after listening to Robert Murphys lecture Capital and Interest from Mises U 2010 While Listening to this having heard explanations of Time Preference theory plenty of times, I started having flash backs to an Austrian...
\ mī- ˈ ō-pē-ə\ — a lack of foresight or discernment; a narrow view of something The movie 'Blindness' is in theaters this weekend and I've always found it an interesting story, since it was first a novel. I'm not writing this post to debate the socialistic tendencies of the story's...