Guest Post: Monetary Malpractice: Moral Malady
Submitted by Gordon T. Long of GordonTLong.com,
We have a Crisis of Trust in America and it has become so pervasive that it is paralyzing America's natural inclination towards risk taking and innovation. This Crisis in Trust is a direct result of Monetary Malpractice and the Moral Malady which it has inflicted on America.
Some would argue that the lack of growth and jobs has created a sense of uncertainty in America which has manifested into historically low levels of confidence and sentiment. I would argue the cause is a crumbling foundation of trust and the cause and effect the opposite.
It is a Crisis of Trust which is the foundation for confidence and sentiment levels in a nation. Trust fosters certainty and a sense of security. Uncertainty is the death knell for business investment and finance. Today's plummeting capital investment in America means slower growth and an even tougher job market lay ahead. So where does a Crisis of Trust stem from and why do we suddenly have one?