Chapter 5d

Points Bailout

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by Juan Aug 20, 2020
1 min read 87 words
Table of Contents

During economic crises, the points can be used as interest-free loans of goods and services to distressed companies. Those loans can be paid back with the future productivity of those companies.

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Pointization converts nominal value into real value

For example, a soon-to-be bankrupt airline can stay afloat by getting a deposit of fuel and parts that it needs to maintain its fleet.

  • In return, it gives flier miles to its creditors for the value of those resources.
  • Instead of an interest rate, a direct markup is assigned.

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