Futuristic Money

My friend, the chemist and economist Peter Bowman, reminds me that money is ‘crystallised trust’. Another friend, the Art Historian Andrew Spira, describes money as ‘a promise’ . That is certainly what it says on the bank notes. And of course a promise and trust in that promise are...

What makes money?

Our modern economies revolve around money. The health of the economy, in one way or another, is measured in terms of sums of money. When people consider their futures, they think about the money (or lack of it) that will be involved. So what makes money? We’ll leave aside the trivial answer: mints or...

Economics – where are we?

I write as an amateur in economics. By that I mean that no-one has yet paid me for my views on economics, nor do I have any formal qualifications in the subject. But anyone who has been paying attention can see that the whole area of economics is in a strange state at the moment. On the one hand we have...