Krugman: "I guess you could make that case if the money we actually have were misbehaving. But it isn’t." Translation: "Our fiat currency hasn't failed this ti

Krugman: "I guess you could make that case if the money we actually have were misbehaving. But it isn’t." Translation: "Our fiat currency hasn't failed this time... yet. Ipso facto, it will never fail. Anyway, it's not worthwhile to try to forsee future problems until they actually happen." I'm not a fan of CNBC, but every once in a while they say something decent. http://www.cnbc.com/id/48349503 http://www.cnbc.com/id/48349503 “'Every single fiat currency in history has collapsed, this time will be no different.'” I'm not predicting the demise of any major currency. However, I can't say I don't have my concerns about current practices, and history does not bode well.