Imagine knowing that your savings will not evaporate and that you will have enough savings to cover your basic expenses for decades or many many years into the future. This security will completely alter your ambition. You will have the luxury of time. A very precious gift. You may no longer desire only to increase your wealth, but rather focus your time and energy on something that takes a great deal of time. To build something that creates a legacy. To become a master craftsman or artist or writer. If we see low time preference spreading throughout society, we will see a great transition to higher quality products, much less waste and profligate consumerism. If the value of your money is greater in the future then you will be very careful what you spend your money on and as a corollary to Gresham's Law, you will only purchase items that will be useful today and continue to be useful for decades. We will see more and more products "guaranteed for life" crafted so well and with so much pride that they retain their value for generations.