Boom Times and Fraud
They go hand in hand.
The only thing worse than a culture of credulity is a culture of mistrust. Just check out the Arab world.
Money Q:
"This culture of credulity did plenty of damage to the economy, but now it has given way to something even more corrosive; namely, endemic mistrust. Because if there’s one thing worse than too much confidence it’s not enough. Fraud impoverishes a few; fear impoverishes the many. As long as mistrust prevails, people will keeping pulling money out of the system—sometimes even at gunpoint."
The only thing worse than a culture of credulity is a culture of mistrust. Just check out the Arab world.
Money Q:
"This culture of credulity did plenty of damage to the economy, but now it has given way to something even more corrosive; namely, endemic mistrust. Because if there’s one thing worse than too much confidence it’s not enough. Fraud impoverishes a few; fear impoverishes the many. As long as mistrust prevails, people will keeping pulling money out of the system—sometimes even at gunpoint."
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