Replying to Avatar Laeserin

If we all stopped paying our debts, everything would grind to a halt and people would start dying off en mass.
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Low Information Voter 1y ago

LOL no, its called a Jubilee in the classics.

A "Type 1" collapse, in Orlov's taxonomy.

Society will rebound very quickly. Always has.

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Low Information Voter 1y ago

But on a cash-up-front basis for a while...

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nami 1y ago

That can be complicated though. It depends on the situation.

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Laeserin 1y ago

What cash? Even the cash is debt notes.