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52 sats \ 2 replies \ @Bell_curve 11 Aug \ parent \ on: Should the US Government Acquire a Bitcoin Reserve? • Listen on Fountain bitcoin
Governments have high liquidity and low time preferences. In theory they should plan for the long term but they have daily payroll and expenses.
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41 sats \ 1 reply \ @Undisciplined OP 11 Aug
Politicians have very high time preference, though, since they have to deal with election cycles.
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20 sats \ 0 replies \ @Bell_curve 11 Aug
I meant high time preference!
You are right.
Politicians and governments think and act short term because of elections and the media
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