The Death of Trust
Just as we obey our leaders’ orders to fight and die because we trust their judgment, we trust our careers and our money to those who run Citigroup and Goldman Sachs and other such banks, because we believe their leaders will be fair to their employees and clients, and honorable in their business practices. So now what?
https://prosyn.org/T79tnxY
BANGKOK – A friend recently asked a seemingly naïve question: “What is money? How do I know I can trust that it is worth what it says it is worth?” We learn in introductory economics that money is a medium of exchange. But why do we accept that? Banknotes are just pieces of paper with a number attached to them.