The full range of state dependent event dependent instruments has hardly been tapped
One can easel envision a complex of interrelated payments that in amount and timing flex with events and system state
Default insurance made universal could back stop an array of contingent payment agreements
Mediating the unit transfers of funds but allowing thru tax and subsidy algorithms for expectations to be fulfilled crucially
Example a manager might be obligated to make a fractional or super sized payment depending on eventualities outside his or her control
It would allow automatic reward and fining for management actions decisions and commitments
Only based on manager controllable features of the eventuality
Escrow compensation becomes contingency payments based on outcomes
The contracting proces becomes .....complex
But the inequities and hazards of fortune and happenstance can be minimized
Blunt fact
Today
The rigidity of unconditional non contingent obligations vastly constricts
agent and principal action
