Trust and reputation are indispensable psychological aspects of the creation and existence of the free market. Money operates as a trading medium in the sense of a trust manager. With the loss of its trustworthiness, a free market cannot exist.
Trust and reputation are indispensable psychological aspects of the creation and existence of the free market. Money operates as a trading medium in the sense of a trust manager. With the loss of its trustworthiness, a free market cannot exist.