> Money "going away" isn't necessarily a bad thing. Sometimes it serves a useful purpose. For one thing, when someone's money goes away, they tend to go out and do more work, creating actual wealth in the form of economic output, rather than parasitically living off of accumulated money. Inflation is a form of money "going away." High interest rates are another form of it. One of the reasons interest rates are at a historical low, is the minting of credit money by banks like Bear Stearns. So, you can think of the choice as shifting the price of volatility (or risk; yes, risk costs money -think about it for a minute) from interest rates to banks. This sucks for guys who work for the banks (me) which have to manage this risk, but otherwise, a pretty good deal. Just like in the old days, the minting of credit money was a choice between not having an economy based on money, and worrying that you might wake up with worthless money.
Unless you're a banker or a government official, it's hard to agree with the writer that working hard in return for worthless paper is "not necessarily a bad thing" or that working hard and saving money in hopes of acquiring financial independence is "parasitically living off the accumulated money."