Chris Dodd: Confidence Man
What does it mean to “have confidence” in a private, voluntary, free market transaction?
If you deposit money in an ATM, how can you be confident that the cash you put in will be available to you later?
If you pay an insurance company for future protection, how can you be confident it won’t go out of business?
If you invest in the stock market, how can you be confident you won’t lose money?