Defaults

But realistically we’ll just have an unlimited debt ceiling.

It’s the most diplomatic thing to do.

And since we have a fiduciary monetary system we'd be fine

FDIC would insure deposits for most Americans

I mean, a little inflation might occur if they pay out, but not any major issues if we handle it correctly. @Orson Krennic

The Fed would curb inflation quickly in this scenario

If the global market just like died

And our major financial institutions filed chapter 11

They'd be bailed out

Discount rate would go down to 0

It would be 2008 but take longer to get out of

But the system would survive

The only thing that can kill the system is a firesale

@Orson Krennic And of course that’s what bailouts are made to prevent.

Right

You cannot kill the US finance system

Because

You can't kill America

Rather, you could, but it’s entirely unrealistic.

Right, the only thing that could do it is a firesale attack

Die hard style

And that would only be a real issue if everyone did it or if a large amount of an industry was monopolized. @Orson Krennic

And even then the financial leaders of the companies would know better when their profits are insured by the federal government.

Monopolies aren't even that big of a problem most times

Natural monopolies are perfectly fine

But most monopolies are created by the government

@Orson Krennic The kind that exist because of government interaction or the kind that were originally started by the government?

Natural monopolies exist because of high operation or start causes in an industry

But large conglomerations are made rich because they get money and contracts from the government

can we just take voting rights away from women? that will solve 90% of issues

so true

@CUNT How?

Dude also wants to take voting rights away from everyone who doesn’t own property

So yea

@Orson Krennic Monopolies can stifle free markets. It’s like a massive oak tree preventing anything from growing under it. Sometimes the government needs to cut it down and let the rest of the market grow.

Regardless if it grew on its own or if the government planted it.

Natural monopolies operate differently

It's like a local cable company

Not to mention if it falls by itself very bad things can happen like the market collapsing and prices skyrocketing because supply can’t meet demand.

That's a natural monopoly