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by prionassembly 1512 days ago
Thus money and capital are different things with different cardinalities. (More: https://asemic-horizon.com/2021/07/31/zero-chroma-infinity/ )
1 comments
skybrian 1512 days ago
That's just confusion about discount rates.

Money in the future is worth less than money in the present, so an infinite sequence can have a finite sum when it's priced in today's money.

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karpierz 1512 days ago
That is true, but the pertinent question is: how much less?

If the world is ending tomorrow, then much less. If we discover immortality tomorrow, then much more.

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joosters 1512 days ago
How does immortality affect the discount rate? Just because you or I will die, doesn't stop our heirs (or companies) from collecting income from assets.

I'd suggest that discovering immortality might have the opposite effect, it would only bring more uncertainty about the future.

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karpierz 1512 days ago
Sure, I'm not trying to argue about how to appropriately price the rate; just that it's variable.
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