>"Oh just suffer now for this guaranteed future benefit" I don't know why but Austrian Economists genuinely believe in pure time preference theory. They say ti

>"Oh just suffer now for this guaranteed future benefit" I don't know why but Austrian Economists genuinely believe in pure time preference theory. They say time preference (there are multiple kinds) is always positive because nobody would delay consumption unless they get rewarded. Therefore delaying consumption always deserves a reward no matter whether the economy is growing or shrinking. Essentially this is a belief that all present suffering will result in a better future. In other words, longtermism is a very hardcore capitalist philosophy. The party poopers talking about finite resources and increasing entropy should just shut up.