And he could have used the massive research capacities of the Fed to document without question the existence of a bubble and the damage that its collapse would cause.
This decision has the potential to trigger a full-scale bank run across the euro area and such an outcome could place in question the continued existence of the euro as a common currency.
But a resource that can be edited by experts and non-experts alike will always carry risks, and perhaps that's Wikipedia's greatest lesson for us all: that its very existence must force us to question notions of accuracy and reliability, while giving us a means to correct errors and add to the global knowledge pot.
In the nineteen-sixties, the sociologist Robert K. Merton wrote a famous essay on scientific discovery in which he raised the question of what the existence of multiples tells us about genius.
First and foremost is the question of how the invisible background field tied to the existence of the Higgs came to be and why it has the properties it does.
This debate on the vibration theory or the existence of unicorns will never end, but the very important underlying question of why things smell the way they do will continue to be answered by the horses among us.
Technology also will call into question the need for the 3, 600 campuses currently in existence in the U.S., as students take advantage of online offerings that are accessible from any location.
It also provides the context to finally answer the question that has burned ever since index or passive strategies came into existence: Which is better, active or passive management?