![]() In good times people are relaxed, trusting, and money is plentiful. It also varies in size with the business cycle. This inventory - it should perhaps be called the bezzle - amounts at any moment to many millions of dollars. There is a net increase in psychic wealth.) At any given time there exists an inventory of undiscovered embezzlement in - or more precisely not in - the country’s businesses and banks. (This is a period, incidentally, when the embezzler has his gain and the man who has been embezzled, oddly enough, feels no loss. Weeks, months, or years may elapse between the commission of the crime and its discovery. Alone among the various forms of larceny it has a time parameter. To the economist embezzlement is the most interesting of crimes. ![]() ![]() “In many ways the effect of the crash on embezzlement was more significant than on suicide. ![]()
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