Why do we shop around and try to save money? Why do we invest and try to increase our investment and savings income? Are we right to feel financially insecure? Judging by the lies and more lies being bandied about in the run-up to the European referendum we are right to be worried.
The value of money used to be determined by the gold standard. Now we have ‘fiat’ money, value seems to be determined by confidence and sentiment. The way the global economy works seems so strange to me. The price of things we are told is determined by supply and demand. (more…)