capital-theory
Articles with this tag
by Max
January 7 2026
The Price of Patience
Hoarding is not low time preference; only lending expresses it. Wealth lowers time preference via diminishing marginal utility, not the reverse.
by Max
April 5 2026
The Missing Credit Layer
The parallel economy has sound money and encrypted communication but still lacks the credit layer needed to finance production across time.
by Max
January 7 2026
The Price of Patience
Hoarding is not low time preference; only lending expresses it. Wealth lowers time preference via diminishing marginal utility, not the reverse.
by Max
January 13 2026
The Consumption You Call Saving
Holding money does not defer gratification but consumes the opportunity cost of lending, making hoarding a present expense rather than proof of low time preference.
