Lumifer comments on Rationality Quotes Thread November 2015 - Less Wrong

5 Post author: elharo 02 November 2015 12:30PM

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Comment author: Lumifer 16 November 2015 04:02:29PM 2 points [-]

This proposal is equivalent to just having society never forgive debts.

Nope, the second type is just a bond with an embedded option to not pay if you can convince the politicians you shouldn't. I expect it to be very expensive :-/

As to never forgive debts, well, there is a reason for bankruptcy laws. Blood out of stone, and all that.