Economies of Trust

Why trust matters
Trust is the basis of economic and social transactions. When a buyer pays a seller using issued currency, the seller, in good faith, trusts that they can redeem value for the currency. We trust that the money we receive can be used to pay for other goods and services.  When a friend goes out to the movies with another friend they trust their friend will not harm them during the entire social interaction. Trust underlies most of our interaction.

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