Skip to content

Time Inconsistency: Today's Actions, Tomorrow's Regrets (Page One Economics)

Have you ever bought something you really couldn't afford? You simply swipe your credit card and leave the store with something shiny and new. That instant gratification overpowers any thought of the regret you'll have when you must start paying off your accumulated debt. Economists call this phenomenon time inconsistency. Read the September 2011 issue for some ideas on how to prevent time inconsistency for yourself and your government.

•  Classroom Edition (pdf)

•  Student Edition (pdf)

Page One Economics was formerly the Liber8 Economic Information Newsletter.

Search for Related Resources

Audience:   High School, Consumers, College
Language:   English
Subjects:   Personal Finance, Economics, Data Literacy
Resource Types:   Data, Publications, Newsletter, Lessons
Concepts:   Fiscal Policy, Lenders/Borrowers, Great Recession, Deficit