Economic Scene - Lesson From a Crisis - When Trust Vanishes, Worry - NYTimes.com

Economic Scene - Lesson From a Crisis - When Trust Vanishes, Worry - NYTimes.com: "As a young academic economist in the 1980s, Mr. Bernanke largely developed the theory that the loan officers’ lost knowledge was a crucial cause of the Depression. He referred to this lost knowledge as “informational capital.” In plain English, it means that trust vanished from the banking sector."