What would be the consequences of PH=PSPACE? A recent  question (see Consequences of NP=PSPACE) asked for the "nasty" consequences of $NP=PSPACE$. The answers list quite a few collapse consequences, including $NP=coNP$ and others, providing plenty of reasons to believe $NP\neq PSPACE$.

What would be the consequences of the somewhat less dramatic collapse $PH=PSPACE$?
$\mathsf{PH}$ collapses. A $\mathsf{PSPACE}$-complete problem must be in some level of $\mathsf{PH}$, say it's in $\mathsf{\Sigma_k P}$. Since it's $\mathsf{PSPACE}$-complete$=\mathsf{PH}$-complete (by assumption), $\mathsf{PH} \subseteq \mathsf{\Sigma_k P}$.