The NRx approach to dealing with proliferation of low time preference people is to reduce/eliminate the welfare state and let them die out as a natural consequence of their own short sighted behavior.
As far as I can tell, people with low time preference didn’t die out in the past, when welfare states were smaller (when they existed at all). Which suggests to me that the NRx approach wouldn’t achieve the goal set by its proponents.
As far as I can tell, people with low time preference didn’t die out in the past, when welfare states were smaller (when they existed at all). Which suggests to me that the NRx approach wouldn’t achieve the goal set by its proponents.