Discounting The Future

The success of human civilization hinges on an arcane economic concept

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Grandma and Grandpa not pictured here (Source: Wikipedia)
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William Nordhaus (Source: Wikipedia)
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Sir Nicholas Stern (Source: Wikipedia)
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Figure 1. Short-Term Treasury rates in the US since January 2000. Demand deposit rates are closely-related to this rate. (Source: St. Louis Federal Reserve)
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Figure 2. Short-Term Interest Rates in South Africa since January 2000. Note that while similar in shape to the US graph, the absolute level is much higher in S. Africa compared to the US. (Source: St. Louis Federal Reserve)

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Founder of IOI Capital. Passionate about harnessing the power of the free market to solve humanity’s biggest adaptation challenge.

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