easy read:
If I am playing Monopoly and I change the rules to allow me, and only me, to add $85,000 to my stack of money, it seems likely I will “win” and own more property. Eventually, no one will want to play with me because I created $85,000 of fraudulent Monopoly money.
If I am a central banker and I create $85,000,000,000 every month to buy bonds, I will own lots of bonds in a few years. People will eventually realize my $85,000,000,000 per month gives me and my friends an unfair advantage and most others will refuse to play with me except when necessary, and they will certainly seek other “games” that are more fair and less slanted toward the player who can create boatloads of currency from nothing.
http://news.goldseek.com/GoldSeek/1381327200.php
If I am playing Monopoly and I change the rules to allow me, and only me, to add $85,000 to my stack of money, it seems likely I will “win” and own more property. Eventually, no one will want to play with me because I created $85,000 of fraudulent Monopoly money.
If I am a central banker and I create $85,000,000,000 every month to buy bonds, I will own lots of bonds in a few years. People will eventually realize my $85,000,000,000 per month gives me and my friends an unfair advantage and most others will refuse to play with me except when necessary, and they will certainly seek other “games” that are more fair and less slanted toward the player who can create boatloads of currency from nothing.
http://news.goldseek.com/GoldSeek/1381327200.php