In 1932 millions of Americans had never had any contact with a state, let alone federal, official. What people would surrender is far different today from 1929. Rather than falling back on self and family, we could see an extreme voluntary enslavement of people, similar to the 200 years after the Thirty Years War in Europe or the Dark Ages after the Roman Empire. Already it is very difficult to distinguish between the modern corporate relationship and the classic feudal model. The corporation gives security in return for total, unquestioning obedience and loyalty.
Modern states expect the same.
In the 1907 panic and in 1934 banks issued script that for the duration of the emergency circulated as currency. They already issue food stamps and welfare benefits that way. That would allow them to re-liquefy the economy ten times as fast as printing physical currency. Individual, corporate, and government debt are at historic highs. This is the question we have to ask ourselves individually , and with ruthlessly clear sight.