Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
seems to me that the smaller and more local the economy, the less chance it has of being middle-manned to death.

knowing whom you're dealing with tends to keep the lights on.

shadow banking on the other hand...

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Mon Sep 9th, 2013 at 07:20:31 AM EST
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Social pressure in a relatively small community could put some pressure on people with whom one deals. Frauds might have a greater problem becoming generalized. Good laws and regulations would be better but that too often seems too much to ask.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Sep 9th, 2013 at 10:07:22 AM EST
[ Parent ]


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