Spherical cow model assuming everyone is honest and had steady income before this.
Everybody just issues bonds to get paid what they used to make, and the government buys and tosses them. The inflation socializes the cost evenly.
Where does this breaks if honesty holds?
Conversation
Forming a hypothesis that this sort of crisis is only a problem to the extent people try to profiteer from it. It’s a giant prisoner’s dilemma. Profiteering = defection.
1
1
9
Replying to
Now we’re finally at a real breakdown which doesn’t depend on character: wait times. Everybody wants to catch up on the deferred, non-substituted consumption at the same time.
1
5
