“Money is ink on paper or bits in a computer. Neither of those things runs a tractor or lets water flow.” Yes but they tell the people who have the fuel and th

“Money is ink on paper or bits in a computer. Neither of those things runs a tractor or lets water flow.” Yes but they tell the people who have the fuel and the water where they should send it: the highest bidder. The person who is willing to spend the most money has: a) acquired more money than competitors through smart decisions that have added value to people who have in turn given them their money b) decided they have a more pressing need for those resources that they will outbid the other buyers rather than wait for a drop in prices or to seek an alternative. If the buyer does not make good use of his newly acquired resources he will soon lose money and will not be able to compete with the other buyers. This is how the economic system is meant to allocate resources. To people who have a proven track record of making decisions with successful outcomes. If you start bailing out failures as happened in 2007-2009 you break this fundamental allocation of resources to where they will be most appropriately used based on the historical precedent of success. And when that happens you get what we have now, which is a breakdown of the entire system.