X @Nick Szabo

RT Nick Szabo (@NickSzabo4)All banks go bankrupt, for starters, taking savings accounts and payment systems with them, because governments won't be able to sell more debt to fund their FDICs. A miniature version of this caused the Great Depression, the great bete noire of economic policy makers ever since, so any policy resembling this has zero chance of going forward. Rather debt will be diluted and the money it is paid back in will be diluted. ...