What would happen, though, if a particular currency DRO ended up going bankrupt? Would everyone end up losing his or her life savings?
The standard cliché here – at least for older people – is the “bank run” scene in Depression-era movies, where frantic people storm a bank desperate to get their money, once they hear that it might be going out of business. Of course, this vision is always considered to be negative towards banks, rather than towards the relatively new Federal Reserve, which was in charge of the currency for the entire nation. In the same way, if a foreign enemy were to bomb farm fields in the Midwest, it is doubtless the greedy capitalist grocery store owners who would be blamed and vilified in perpetuity for the resulting price increases.
