right so i understand that people are more worried about deflation than inflation, and among our current problems, inflation ranks low. but take things like printing half the total value of the american economy and sending it to banks, or today's massive 'injection of liquidity' (which has markets roaring back). even super-keynesians and people like that must wonder at a bad moment whether we are paving the way for a total collapse in which money ceases to have any value. this would not be localized, as all these currencies and central banks and private banks are so entirely interlocked. it might look, in retrospect, like a recession and austerity aren't the worst things in the world. also if it happens in the next few months, you might be dealing with president ron paul, ending the fed and returning us to the gold standard.