, Columnist
Inflation Is Thriving in Our Era’s Lack of Trust
We can’t squeeze each other with rising profit margins or demands for increased wages forever and expect prices to come down.
Protesting against inflation in Portugal.
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Trust matters. If you doubt this, try looking back to this conversation we had with the Vassar College psychologist Benjamin Ho about his book Why Trust Matters. When people have confidence in each other, and also in the most important institutions in their lives, it grows easier to overcome collective action problems. The opposite is also true. And that clouds the picture at present.