On Time Preference, Government, and the Process of Decivilization

E1060529 UNEXPLORED

"On Time Preference, Government, and the Process of Decivilization" is an essay by Hans-Hermann Hoppe that argues how democratic political structures raise societal time preference, thereby undermining long-term capital formation and contributing to social and moral decline.

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Democracy: The God That Failed hasPart On Time Preference, Government, and the Process of Decivilization