Implementation is left as an exercise for the listener.
Of course if anybody really followed the real discount rate in their decisions than no one would have any kids. That's merely exposing a fallacy in badly taught economics to the effect that resources are infinitely substitutable. I invited one of the leading proponents of this to climb into a large bell jar with all the money as he wanted to see how long he lasted. AL - actually whaling is a good example. We all vote with our dollars and that's a language that every business person understands.