Quote:
Originally Posted by tweetiepooh
True but with cash it is possible to "go underground" and use cash. You could even sell stuff to get cash to buy other stuff. Without cash that becomes a whole lot more difficult.
With cash "dishonest" traders could accept cash at a premium because they can use cash too.
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Perhaps, but you’re now so far down the rabbit hole you’re describing a dystopian fantasy, very far removed from anywhere we could plausibly find ourselves in the foreseeable future. If you think that future is plausible enough that you need to argue for measures to help you cope with it there are other things you also ought to be doing, like digging a massive bunker under your house and filling it with long-life rations.
The reality is that when a domestic money system fails, or doesn’t enjoy the confidence of the people, the people find other tokens of exchange. Hence the widespread use of the US Dollar in 1990s Russia. I believe cartons of cigarettes were quite popular currency too.