Trust is critical to money and finance. The Fed and the government have to ensure that there is trust in the central bank to maintain purchasing power and that regulation will maintain a safe environment. However, since regulation cannot be made to protect against all situations, trust is needed between parties. There has to be trust in banks that they will protect assets and provide immediate liquidity. There has to be trust in purchasing power. With all of the political issues in the news, has trust really increased since the Great Recession? I don't think so.
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