[Constantly expanding credit implies a weakening of market discipline. Postponing a crisis prolongs the life of inefficient capital and insubordinate workers.]
[Moving off the gold standard undermined the stability of currency. As capital tends towards crisis, credit is expanded to ward off the destruction of fictitious capital, the banks, and the financial system.]
[Money has expanded much faster than the value it represents.]
[Credit and debt is so fundamental to the financial structure of capitalism that threat or occurrence of default by a major debtor can wreak havoc on the markets. There was an urgency in putting together a package to support the peso in 1994 when it became clear that the Mexican government could default.]