Thursday, January 19, 2017

Can the Senators automate their bond defaults?

We grant that the sandbox can execute an inflationary default on behalf of the Senators, and do so such that it is equally pricable risk for all.  Whynot automate ythe prcess, Senaotrs can simply agree to a time litied contract such that the the default pit guarantees losses are taken, using autotrading operations.

The Senators can give up constitutional power for fixed periods under contract. In this case, the Senators sign a smart contract, for 10 years, with 6 billion SmartCard holders. This is enforcable by law.  Once agreed to, the pit boss will monitor interest payments, as a percent of GDP, keep them below 2%, typically.

1 comment:

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