I don't think Rails provides time based caching. I also do not think
it's needed. What are you trying to accomplish?
Lets say you have a page with list of products that you want to cache.
The cache *only* needs to be updated if one of the products changes.
Caching the page for an arbitrary amount of time is unnecessary.
If you *really* need a time based cache, you could just use a cache,
then set the expire action as a cron job that runs every 15 minutes.
But really, infinite caching with proper expiration is the way to go.