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Do you believe? June 25, 2008

Posted by saltcastings in Uncategorized.
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From the June 24, 2008, edition of the NY Times:

“It has always interested me that the word ‘credit’ comes from the word ‘credere,’ which means ‘to believe.'” Mr. Wolfe said.  “It only works if people believe in it.”  He’s right, of course: one reason the credit markets have tanked is that people don’t believe anymore.

     – Tom Wolfe, author of Bonfire of the Vanities, excerpted from “A ‘Bonfire’ Returns as Heartburn

 

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