[Includes edits entered on February 10.]
There are two basic arguments for monetary reform:
1. The present system induces an inexorable increase in inequality - the "unfairness" argument – “Them That Has, Gets.”
2. The present system is unsustainable over the long run, doomed eventually to collapse in just the kind of credit crunch we are now experiencing - the "instability" argument.
"Unfairness" is by far the weaker of the two charges against the existing system, though more easily shown. The Gini index, for instance, reveals the dramatic ascent of the US in recent years into the stratosphere of inequality. The problem is, people tend to dismiss such irrefutable evidence with some version of "The poor will always be with us", which is to say, "Inequality is inevitable".