“The monastic life is probably the greatest example of low time preference! It’s all about passing on the traditions to future generations … This also has a huge impact on the culture, because it’s not all about satisfying one’s immediate desires, but building a better future.”
The Catholic Church is financially savvy. I was shocked when Pope Francis ordered all financial assets removed from outside banks by the end of September and returned to the Vatican. His timing was perfect.
Podcast version:
“The monastic life is probably the greatest example of low time preference! It’s all about passing on the traditions to future generations … This also has a huge impact on the culture, because it’s not all about satisfying one’s immediate desires, but building a better future.”
https://curiocaster.com/podcast/pi1270870/10712282355#t=2,2704
Nice work 😊
The Catholic Church is financially savvy. I was shocked when Pope Francis ordered all financial assets removed from outside banks by the end of September and returned to the Vatican. His timing was perfect.
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