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What would happen if nobody died?

Updated: 10/3/2022
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13y ago

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People would optimise their economic decisions for infinite periods of times. This is very significant mathematically, because how people act in defined periods of times is very different from infinite time. For example, in limited time, people can play a 'ponzi game' by accumulating debt and not have to pay it off when they die. However, in an infinite life situation, no one can play a ponzi game. So for example, the current generation could not have the government pay large amounts of money for policy and avoid having to pay for it later when taxes increase on future generations. This would change their decision because their costs would change.

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13y ago
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