Ok, now explain bad debt expense in this model? And the implication on taxes? How about the secondary market for debts and bankruptcy proceedings? And then capi

Ok, now explain bad debt expense in this model? And the implication on taxes? How about the secondary market for debts and bankruptcy proceedings? And then capitalizing expenses? This post just says the same thing everyone understands in the simple model with abstractions based on crypto that attempts to explain group behaviors. How someone goes about reading the incentives and behaviors with the simple model does not mean the model is wrong - multiple choice tests allow people to be right for different reasons. Edit: and I forgot the softball, the FDIC insurance explains an insane amount about the inherent risks of the system. If you want to know the real “creation of money” if that number ever goes up, you’ll see some wild things.