I dont think people would go into freeze just because that is cheaper than living. Being alive is still pretty awesome. I would not expect that much change. Humans are not that good at making long term financial plans.
I’m not proposing people will voluntarily opt to spend the rest of their existence in a suspended state just to save a few bucks, but there are a lot of circumstances where it would be convenient for people to stop existing, and then start existing again a little while later. If my partner and I wanted to buy a house, for example, it could be cheaper and faster for her to be on ice and me to live off dried pasta in a bedsit for six months than for us to simultaneously pay rent on a two-person place and save for a deposit.
I also find the assertion that little would change because of poor human long-term financial forecasting skills to be dubiously reasoned. The presence of cryo technology described above would provide more opportunities for people to make erroneous long-term financial plans. If I change my behaviour for a bad reason, I’m still changing it.
(It also has no impact on the removal of either human or investment capital; if that happened to a significant degree, it would fundamentally change a society’s capacity for output. That might not result in a significant change in interest rates, but it’s a bold claim to offhandedly say it won’t.)
I dont think people would go into freeze just because that is cheaper than living. Being alive is still pretty awesome. I would not expect that much change. Humans are not that good at making long term financial plans.
I’m not proposing people will voluntarily opt to spend the rest of their existence in a suspended state just to save a few bucks, but there are a lot of circumstances where it would be convenient for people to stop existing, and then start existing again a little while later. If my partner and I wanted to buy a house, for example, it could be cheaper and faster for her to be on ice and me to live off dried pasta in a bedsit for six months than for us to simultaneously pay rent on a two-person place and save for a deposit.
I also find the assertion that little would change because of poor human long-term financial forecasting skills to be dubiously reasoned. The presence of cryo technology described above would provide more opportunities for people to make erroneous long-term financial plans. If I change my behaviour for a bad reason, I’m still changing it.
(It also has no impact on the removal of either human or investment capital; if that happened to a significant degree, it would fundamentally change a society’s capacity for output. That might not result in a significant change in interest rates, but it’s a bold claim to offhandedly say it won’t.)