The World: Too Big To Fail?

This is the real obvious point: you can't just keep printing money based on nothing forever. What happens if you do that is rampant inflation. That is because the paper currency has no intrinsic value (except as a very bad toilet paper) and at some point any actual, useful material good looks like a more desirable thing than paper money. So far our inflation is restricted to commodities, with gold being the most flagrant and alarming example. Alarming because gold is not really useful, it is just an alternative to paper money, and so it betrays a deep distrust of paper money worldwide.

This situation does not lead anywhere very good.

Too bad crooks like Jon Corzine get off while the average working stiff will take the fall.