ViewpointsOpinionTime Preference and the Seen and the UnseenHow basic economics can shed light on and improve the situation for Israel00CopyFacebookXTruthGettrLinkedInTelegramEmailSavePrintPeople walk by photos of hostages held in the Gaza Strip by Hamas that hang on a wall in Jaffa Street in Jerusalem on May 20, 2024. Amir Levy/Getty ImagesWalter Block9/17/2024|Updated: 9/19/20240:00X 1CommentaryWhat is time preference? It is the rate of exchange between present and future desiderata.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentWalter BlockAuthorWalter E. Block is Harold E. Wirth Endowed Chair and Professor of Economics, College of Business, at Loyola University New Orleans.Author’s Selected ArticlesWildfires in Canada: Global Warming or Socialist Forests?Jun 30, 2023The Difference Between Direct and Indirect Help to the PoorMay 30, 2023The Marvel of the Invisible HandMar 20, 2023Socialist SecurityMar 02, 2023