The Economy

September 23, 2011 § Leave a comment

Here we go again! The sky is falling and the economic system that we know and rely on is on the verge of the abyss. Bullshit!
The fact is that any financial, economic, political or social system rides the wave of confidence. Confidence is based on trust. If you don’t trust your neighbor, are you going to trade with him or her? If you did trade it wouldn’t take much for the deal or future deals to go sideways.
In our current financial system there is a lot of trust put into the words of a few people. If these people lose our trust, the the system depresses.
If the players don’t trust each other, then maybe we need to change the players.

Advertisements

Tagged: , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading The Economy at Dorkuncorked's Blog.

meta

%d bloggers like this: