ViewpointsOpinionTime Preference and the Seen and the UnseenHow basic economics can shed light on and improve the situation for IsraelSavePrintPeople 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.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