ssj12 said:
Ya, make money out of thin air and devalue whatever currency there is at that time like the USA currently is! Brilliant. Bartering is what would exist. You want a road, you barter how long you are going to build it. |
I want some of whatever it is you've been smoking. Okay, so lets say the economy needs a paved road to transport goods from Salt Lake City to St. George, Utah. How does this road get built in your imaginary world?
http://www.economist.com/research/economics/alphabetic.cfm?term=marketfailure#marketfailure
In the real world (read link above), the private market would be unable to build a road, all there would be is a dirt trail. Thats why the government has to tax people, then use taxes to fund such public goods like defense, roads, justice, and so forth. There is a reason that there were no paved roads built between the fall of the Roman Empire and the Age of Industrialization.