Confession Quote by Charles P. Kindleberger
“What matters to us is the revelation of the swindle, fraud, or defalcation. This makes known to the world that things have not been as they should have been, that it is time to stop and see how they truly are. The making known of malfeasance, whether by the arrest or surrender of the miscreant, or by one of those other forms of confession, flight or suicide, is important as a signal that the euphoria has been overdone. The stage of overtrading may well come to an end. The curtain rises on revulsion, and perhaps discredit.”
About This Quote
Source Book: Manias, Panics, and Crashes, 1978
Exposing fraud signals a societal shift, ending reckless excess and prompting accountability.
In simple terms: Revealing fraud ends excess and prompts truth.
Key Takeaway
Expose wrongdoing to restore balance.
Themes
economics
ethics
accountability
Mood
analytical
cautious
Type
economic
educational
When to use this quote
- journalism
- audit
- policy reform
- public awareness
Key Concepts
financial crises
social trust
regulation
Questions to Reflect On
- How does exposure affect market confidence?
- What mechanisms ensure lasting reform?
A Different Perspective
May cause panic if not managed.
![“We need repentance. You see, repentance is not only going to a priest and confessing. We must free ourselves from the obsession of thoughts. We fall many times during our life, and it is absolutely necessary to reveal everything [in Confession] to a priest who is a witness to our repentance…” quote by Elder Thaddeus of Vitovnica](https://sms4smile.com/quotes/img-quotes/84a/elder-thaddeus-of-vitovnica-33_christianity_we-need-repentance-you-see-repentance-is_41357.jpg)
