I don’t think today’s economic crisis will turn much worse (unless, you know, we keep digging ourselves into deeper holes with bailouts that reward failure), but just in case it does, I’ve been thinking about what it would be like to live in a world without government and a reliance on a fiat currency like the dollar.
Without the “trade value” of the dollar – in which dollars can still be traded for other goods and services – in a true economic collapse, the dollar’s value would be downgraded simply to …