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printing more notes, and using them to bail out ones friends is a form of stealing from people who have to earn those notes.
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That'd be bad enough, but if I understand the current system correctly, it is the lesser of two liabilities, with the greater one being the creation of money not through printing, but through lending it into circulation at interest, which creates a never-ending cycle whereby there can never be enough money in circulation at any given moment to satisfy the claims against it.
I'd settle for the lesser of two evils if it were within reach, and,in fact, would prefer it, until we can accurately assess the probabilities of possessing any precious metal, which is to serve as our currency.