--- title: "Meaning & Key Takeaway of: In Chapter 5 we consider swindles and…" description: "\"“In Chapter 5 we consider swindles and defalcations. It happens that crashes and panics often are precipitated by the revelation of some misfeasance, m..." image: "https://sms4smile.com/quotes/i/c2b/charles-p-kindleberger-40961_corruption_in-chapter-5-we-consider-swindles-and-de_1096157.jpg" --- # In Chapter 5 we consider swindles and defalcations. It… ![“In Chapter 5 we consider swindles and defalcations. It happens that crashes and panics often are precipitated by the revelation of some misfeasance, malfeasance, or malversation (the corruption of officials) engendered during the mania. It seems clear from the historical record that swindles are a…” quote by Charles P. Kindleberger](https://sms4smile.com/quotes/i/c2b/charles-p-kindleberger-40961_corruption_in-chapter-5-we-consider-swindles-and-de_1096157.jpg) [Download](https://sms4smile.com/quotes/i/c2b/charles-p-kindleberger-40961_corruption_in-chapter-5-we-consider-swindles-and-de_1096157.jpg) [Open image](https://sms4smile.com/quotes/i/c2b/charles-p-kindleberger-40961_corruption_in-chapter-5-we-consider-swindles-and-de_1096157.jpg) > ““In Chapter 5 we consider swindles and defalcations. It happens that crashes and panics often are precipitated by the revelation of some misfeasance, malfeasance, or malversation (the corruption of officials) engendered during the mania. It seems clear from the historical record that swindles are a response to the greedy appetite for wealth stimulated by the boom. And as the monetary system gets stretched, institutions lose liquidity, and unsuccessful swindles are about to be revealed, the temptation to take the money and run becomes virtually irresistible. It is difficult to write on this subject without permitting the typewriter to drip with irony. An attempt will be made.”” [Charles P. Kindleberger](https://sms4smile.com/quotes/author/charles-p-kindleberger/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic booms create greed, leading to fraud; when crises expose corruption, people feel compelled to flee with money. **In simple terms:** Greed fuels fraud; crises reveal it, prompting escape. Key Takeaway Recognize and curb greed before crises. Themes economics fraud crisis human behavior history Mood cautious analytical critical Type historical economic When to use this quote - financial markets - policy making - corporate governance - public trust - legal enforcement Key Concepts Speculative bubbles moral hazard systemic risk Questions to Reflect On - How can institutions reduce incentives for fraud? - What safeguards prevent panic‑driven flight? A Different Perspective Not all participants are equally culpable; structural factors also drive misconduct. ★ ★ ★ ★ ★ No ratings yet [Consider Swindles](https://sms4smile.com/quotes/about/consider-swindles-2859212/) [Corruption](https://sms4smile.com/quotes/about/corruption/) [Defalcations Happens](https://sms4smile.com/quotes/about/defalcations-happens-2859213/) [Economics](https://sms4smile.com/quotes/about/economics/) [Finance](https://sms4smile.com/quotes/about/finance/) [Money](https://sms4smile.com/quotes/about/money/) [Swindles](https://sms4smile.com/quotes/about/swindles-687102/) [Swindles Defalcations](https://sms4smile.com/quotes/about/swindles-defalcations-2859211/) [Swindles Response](https://sms4smile.com/quotes/about/swindles-response-2859214/) [Wealth](https://sms4smile.com/quotes/about/wealth/) ## Related quotes > [The propensity to swindle grows parallel with the propensity to speculate during a boom the implosion of an asset price bubble always leads to…](https://sms4smile.com/quotes/charles-p-kindleberger/the-propensity-to-swindle-grows-parallel-with-the-propensity-to/) [Charles P. Kindleberger](https://sms4smile.com/quotes/author/charles-p-kindleberger/) > [It was beautiful and simple, as truly great swindles are.](https://sms4smile.com/quotes/o-henry/it-was-beautiful-and-simple-as-truly-great-swindles-are/) [O. Henry](https://sms4smile.com/quotes/author/o-henry/) > [ People in my industry \[PR\] would like people to believe we have ways to control social media. But that's one of the great swindles. ](https://sms4smile.com/quotes/eric-dezenhall/people-in-my-industry-pr-would-like-people-to-believe-we-have-ways-to/) [Eric Dezenhall](https://sms4smile.com/quotes/author/eric-dezenhall/) > [“Now that I have made this catalogue of swindles and perversions, let me give another example of the kind of writing that they lead…](https://sms4smile.com/quotes/george-orwell/now-that-i-have-made-this-catalogue-of-swindles-and-perversions-let/) [George Orwell](https://sms4smile.com/quotes/author/george-orwell/) > [“If You Think that Everyone Swindles You, You are a Selfish Person”](https://sms4smile.com/quotes/vineet-raj-kapoor/if-you-think-that-everyone-swindles-you-you-are-a-selfish-person/) [Vineet Raj Kapoor](https://sms4smile.com/quotes/author/vineet-raj-kapoor/) > [The thief steals from himself. The swindler swindles himself. For the real price is knowledge and virtue, whereof wealth and credit are signs. These…](https://sms4smile.com/quotes/ralph-waldo-emerson/the-thief-steals-from-himself-the-swindler-swindles-himself-for-the/) [Ralph Waldo Emerson](https://sms4smile.com/quotes/author/ralph-waldo-emerson/) > [Did I run real swindles? Oh, yeah. I mean, I started as a - on the street. 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