From Organised Religion to Government – The Fall of Confidence

Institutional confidence is akin to gravity. We know it’s there, and we understand a lot about it – but we haven’t yet been able to explain it adequately enough. At least not enough to quantify its relationship  – or unify gravity with the other physical forces that we do understand. Of course, we are much further from unification of the interactions between confidence (behavior), the economy, and finance. 
It’s easy to see the effect finance has on the economy. One can even map the ultimate effect through history, which is riddled with failed currencies. Ultimately, the failure of an untethered financial system culminates with the collapse of a currency.