Ethics have nothing to do with it. Time preference is very well defined in financial terms, because it can be replicated easily. That is why the author can say

Ethics have nothing to do with it. Time preference is very well defined in financial terms, because it can be replicated easily. That is why the author can say that the value of her judgement is 338k today. Any substantial divergence from that number is just plain fraud, regardless of how 'strongly' the person wants it. You can't just swap dollars for pennies, you can't allow that for an awful lot of reasons.