163 sats \ 1 reply \ @grayruby 26 Oct 2023 \ parent \ on: Meta Econ Takeover Day 9 meta
Now we are getting to where my thought process was going. Demand for goods would skyrocket, while prices took time to meet demand but many would not understand they aren't rich and believe they didn't have to work. Supply chains would be a disaster. Businesses wouldn't open because they don't have enough employees. Everyone has a billion in their wallet but there would be rampant looting and theft.
I just made the related point above, but this is a bigger problem than people not understanding that they aren't rich. If I'm only going to get paid a normal wage, say a couple hundred bucks a day, there's no reason to go to work with this billion dollars looming.
The problem is that there's also no way to adequately scale prices/wages during the week, because no one has enough money yet to pay them.
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