think u meant high time preference in the 2nd sentence haha but yes i agree, good money is all about the incentives it provides, hard money happens to incentivize more positive long term behavior

birdeye21

Bad money discourages low time preference. It encourages low time preference activities including dishonesty and theft. Of course these also exist in a hard money society but they aren't encouraged in the same way.

Without good money, there is no _____

Bad money discourages low time preference. It encourages low time preference activities including dishonesty and theft. Of course these also exist in a hard money society but they aren't encouraged in the same way. 