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Since there are likely plenty of rich people reading HN: you can probably help your country and save lives at minor expected cost to yourself by just giving th
by patrec 7y ago
Since there are likely plenty of rich people reading HN:
you can probably help your country and save lives at minor expected cost to yourself by just giving this guy a legally binding promise to pay him for unwanted masks should he ramp up production now and no one wants to actually buy them.
Basically offer him a put option for free, it's unlikely he'll need to make use of it.
- ericb 7y agoI love this idea!
- yowlingcat 7y agoGreat idea. By doing something as mundane as being a counterparty on the other side of that futures contract, one can actually be the difference between that party being incentivized to produce in a crisis driven shortage or not.
- patrec 7y agoAnd I think this is likely to be a limiting factor in more cases. If anyone reading this has good channels to companies, organizations or individuals to pitch this idea to, please do.