The world black market is estimated to be 2 trillion dollars (http://en.wikipedia.org/wiki/Black_market http://en.wikipedia.org/wiki/Black_market). It will only

The world black market is estimated to be 2 trillion dollars (http://en.wikipedia.org/wiki/Black_market http://en.wikipedia.org/wiki/Black_market). It will only be bigger, but governments will still be able to tax land, real estate and big companies. However, without inflation, QE and ad-hoc confiscations, no government will be able to have "budget deficit". That is, no government would be able to "borrow" money from nothing to build stuff for "free" for their electorate. Since no politician will be able to do "free" stuff without raising taxes, no one would elect any government at all. This all brutal nonsense will simply fall out.