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Jiro comments on Stupid Questions April 2015 - Less Wrong Discussion

7 Post author: Gondolinian 02 April 2015 09:29PM

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Comment author: Jiro 05 April 2015 12:14:22AM 1 point [-]

If the mechanism didn't work, then the precommitment wouldn't be credible, and the people making the loans would have known that there is no credible precommitment.

Comment author: DanielLC 05 April 2015 12:48:00AM 2 points [-]

And thus the country will fall. Since the leaders care about the country, they'd rather pay back some loans than let it fall, so the mechanism will work, right?