Grab your wallet and stare closely at the money. What's it worth? It's worth whatever it will buy. But can you imagine a time when someone looks at your cash and really doesn't want it, because it "isn't worth the paper it's printed on?"
That's what happens when a country "prints" or creates too much money. It loses value. The official name for that process is inflation. What's the alternative to paper? Gold. It's been the "hedge" against inflation ever since paper money was first created by governments.
For rest of Terry Savage - Chicago Sun Times article click here.