Author Topic: An Economist view of life after a monetary collapse.  (Read 994 times)

Offline jpbearit

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An Economist view of life after a monetary collapse.
« on: August 22, 2012, 12:39:15 PM »
I know you’ve been asking yourself, “What do economist thing about life after a monetary collapse will look like?”  NO?
Well, just in case your curious, about the only ones who even publicly acknowledge the possibility of a collapse are called “the Austrian School.”  Most of us Libertarians know about these Ivory Tower Radicals.  Check out what some of them responded to a “newbie’s” questions

http://dev.mises.org/Community/forums/t/20894.aspx

1) When the US dollar collapses, what will happen to the money in peoples' bank accounts? Will it be completely worthless and incapable of buying anything?

2) What will happen to electricity-dependent homes? Will there be any power or will they need to rely on themselves and their personal resources to develop lighting, heating, or anything that is provided by a company?

3) Will cell phones and web providers cease to function or function dismally during or after the financial collapse?