Series IV · Card 3 of 21 · THE VIENNA SEMINAR
Present goods are, as a rule, worth more than future goods of like kind and number.
EUGEN VON BÖHM-BAWERK · POSITIVE THEORY OF CAPITAL · 1889
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Source
“Positive Theorie des Kapitales” (Positive Theory of Capital, Innsbruck 1889), book V, ch. I
About the author
Austrian economist (1851–1914). Key figure of the Austrian School. His theory of capital and time preference laid groundwork that Bitcoiners build on today.
The question on the back
How much more would you need later to give something up today?