Trust is a fickle thing. It’s there until it isn’t. This is especially true with paper currencies. Their value is based on trust that the sovereign issuer will act faithfully and responsibly.
When I was a boy, I would watch as my father yelled at the nightly news broadcasts on TV and shake my head. “They can’t hear you!” I would think to myself, but dare not say out loud. Fast forward 50-or-so years later and this morning I caught myself yelling at my iPad while reading two articles.
