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But how many have given thought to life saving medications?
If you have someone with a medical condition in your family, how will you gain access to that medicine when it’s no longer available at your local pharmacy.
And, while Greece may not specifically be experiencing a hyperinflationary environment (yet), an economic collapse resulting from a debt crisis has similar consequences as evidenced above.
But such a thing couldn’t happen in the United States, right?
Strained government finances only make matters worse.
Wholesalers and pharmacists say the system suffers from a lack of liquidity, as public insurers delay payments to pharmacies, which in turn can’t pay suppliers on time.
In recent months, as Greece implements austerity measures and the unemployment rate sky rockets, its people have lost the ability to engage in traditional commerce because, simply put, they have no tangible income or money to do so.
In the case of Greece, which has been dealing with a loss of confidence in its debt instruments and economic policy, the collapse of life as Greeks know it has taken place over the last several years.
While we have been fortunate enough to avoid as severe a calamity here in the United States, many of the forecasts put forth by ourselves and others regarding the effects of an economic collapse are already taking place in Europe, namely Greece.
This is what happens when a country’s economy falls apart.
In a report from 2010, economist John Williams warned that a hyperinflationary environment in the US would not only cause food disruptions, but also disrupt the regular flow of commerce.
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As part of an effort to cut its own costs, Greece has mandated lower drug prices in the past year.