Saturday, May 10, 2014

War

West using IMF europeanizing Ukraine without the agreement that the elected president refused to sign which caused the west to initiate a coup. Russia wants that money to pay off Ukraine's gas debt.

High time preference promotes crime, and soldiers, because they fear they may any day, have extremely high time preference.
"While high time preference is by no means equivalent with crime ... a systematic relationship between them still exists, for in order to earn a market income a certain minimum of planning, patience, and sacrifice is required: one must first work for a while before one gets paid. In contrast, specific criminal activities such as murder, assault, rape, robbery, theft, and burglary require no such discipline: the reward for the aggressor is tangible and immediate, but the sacrifice — possible punishment — lies in the future and is uncertain."
Interesting.

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