The Reductio of the abstinence theory is that if there is a storm or something and productivity declines greatly then wouldn’t interest go up infinitely and there would be infinite profits from loans? But in fact that doesn’t seem so absurd -If an infinitely damaging storm occurs wouldn’t that imply an infinite rise in time-preference and interest? If that holds, then why should the storm scenario be a reductio ad absurdum?
just a bump/can anyone please help me on this?