 The economy has no time preference, and investments that could take decades to pay off seem not that bad. Take cryptocurrencies and decentralized finance, for example. For some, it has been difficult, like myself, to see the use cases for these ideas. And now, with the shot clock back on and a sense of urgency injected into the economy, I think more and more people will likely have time preferences that don't match the investment time horizon of some of the more speculative investments that are out there.