7For a perfect foresight consumer, PerfForesightCRRA shows that consumption grows by the factor
, so if we do not impose the RIC, consumption would ‘want’ to grow by a factor greater than the
factor 
by which it is being discounted.
7For a perfect foresight consumer, PerfForesightCRRA shows that consumption grows by the factor
, so if we do not impose the RIC, consumption would ‘want’ to grow by a factor greater than the
factor by which it is being discounted.