History tells us that another bubble is always around the corner in the paper dollar system.

FORBES: The Krugman/Bernanke Gambit Is Up

Broker-dealers like the former Bear Stearns played an increasingly important role in lending during the bubble years, in the growth of the commercial paper market, structured investment products and derivatives trading.

FORBES: Next Up In Washington: Bear Stearns

As Adam Levitin of Georgetown University Law Centre and Susan Wachter of the University of Pennsylvania pointed out in a recent paper on the causes of the housing bubble in America, it is impossible to borrow the Empire State Building in order to sell New York real estate short.

ECONOMIST: Bricks and slaughter

Six months after the Van Gogh sold to Japanese paper merchant Ryoei Saito , the art market's bubble burst and prices plummeted.

FORBES: Fall Auction Forecast

Come to think of it, the same thing happened in 2000 when a flood of investors borrowed on their tech stock paper profits, only to see their portfolios melt when the tech bubble burst.

FORBES: Urgent: Investors Must Avoid Margin Ditch

Krugman and much of the left are content to lean on QE2 to deliver the next bubble without high inflation, an outcome they have been able to secure repeatedly in the paper dollar reserve currency system.

FORBES: The Krugman/Bernanke Gambit Is Up

One was wrapped in brown paper and the other in a page taken from a magazine - both were sitting in sheets of bubble wrap.

BBC: Golden gifts sent to tsunami-hit Japan port