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zermelo ◴[] No.45767951[source]
To most of the commentators saying "why work when you're not getting paid", please correct me if I'm wrong, but aren't federal employees not paid during a government shutdown getting retroactive pay once funding has been restored?
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thetron ◴[] No.45767979[source]
You can't buy food with an IOU from your employer.
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nocoiner ◴[] No.45768107[source]
Sometimes you can. A decade or so ago when California ran out of money, they issued warrants to their payees, and lots of banks accepted those at face value.
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1. dragonwriter ◴[] No.45778949[source]
Last time was July-August 2009 (and before that in 1992 and 1933.)

But those registered warrants aren’t abstract expectations of future payment, but debt instruments with a fixed interest rate when issued.