Austrian economists talk a lot about ???time preference,??? the willingness for people to wait before they are paid income, capital gains, interest or dividends.
Whether you are a student, business person, investor or consumer, waiting is a fact of life — it takes time to earn a degree, make money in a business, take profits on an investment or have enough money to retire.
Today more than ever, the two most common words I hear are ???Please wait.???
Read more about waiting’s increasing role in American culture at Eagle Daily Investor.