Why trust is not good for economy

Explanation:

Trust is an issue that most people don't associate with economics, yet economists actually care a great deal about trust. ... Or the other way around — trust matters because the absence of trust is an impediment to growth. It's an impediment to growth in employment, wages and profits, and therefore makes us all worse off.

the sugar act, also known as the american revenue act, was a revenue-raising act passed by the british parliament of great britain in april of 1764. the earlier molasses act of 1733, which had imposed a tax of six pence per gallon of molasses, had never been effectively collected due to colonial resistance and evasion.