Re:Paper Money with an Expiration Date
by ISL on Tuesday August 11, 2020 @11:22AM
(#24121247)
Who would want to be left holding the bag with the expired "dollars" at the end of the period? I imagine they would trade at a substantial discount from the beginning, being dollars in name only.
[ Parent
| on HN ]
Re:Paper Money with an Expiration Date
by toomuchtodo on Tuesday August 11, 2020 @11:32AM
(#24121412)
I think you'd find most people would spend every penny before the funds expire. Anyone who doesn't is likely not too concerned about the funds expiring.
I don't think we can say for sure without a proper experiment (although if anyone can get their hands on EBT account spend data in aggregate, that would seem like a path to some signal, considering the financial condition of those who rely on those benefits).