Most people discount the future, which means they place a higher value on current consumption than future consumption. Simba, however, is looking forward to the future – because he will be the king!
The amount a person discounts the future, relative to the current time period, is called the discount rate. The level of the discount rate has enormous implications for policies that could affect future generations. (One example is with policies that are designed to control carbon emissions.)
Discussion Questions for “I Just Can’t Wait to Be King”