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.
Politicians have very high time preference, though, since they have to deal with election cycles.
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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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