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What about an emergency credits system? In an emergency, the government issues 100 credits to every person, each equal to $x. Prices for essentials are shifted
by spoonjim 5y ago
What about an emergency credits system? In an emergency, the government issues 100 credits to every person, each equal to $x. Prices for essentials are shifted to credits for the duration of the emergency (but remain floating) and shopkeepers can exchange credits for cash with the government.
- skt5 5y agoThis credit system sounds like another form of currency.
- spoonjim 5y agoIt is. But it’s equally distributed.
- skt5 5y agoWhat would stop someone from operating a currency exchange system? Ex: a market to buy and sell credits using USD
- spoonjim 5y agoNothing. But if you needed water to stay alive and it was $1,000 a bottle you may have no way of getting it. If you needed water to say alive and it was 100 credits a bottle you would at least have the option of getting the water or selling your credits.