Money in One Lesson
You Spend It. You Save It. You Never Have Enough of It. But how does money actually work?
Understanding cash, currencies and the financial system is vital for making sense of what is going on in our world, especially now. Since the 2008 financial crisis, money has rarely been out of the headlines. Central banks have launched extraordinary policies, like quantitative easing or negative interest rates. New means of payment, like Bitcoin and Apple Pay, are changing how we interact with money and how governments and corporations keep track of our spending. Radical politicians in the US and UK are urging us to transform our financial system and make it the servant of social justice.
And yet, if you stopped for a moment and asked yourself whether you really understand how it works, would you honestly be able to say 'yes'?
