Category Archives: Money

Ever thought about how money works or what it is ? £ – “Pound Sterling” – it used to be a pound of sterling silver and you could have gone to a bank and asked for your silver. You may … Continue reading →

The bankers notices that as the economy has evolved absolutely no one ever comes and redeems PHLs. There no longer seems any point since they can just deposit them and earn interest. PHLs have been so successful people are no … Continue reading →

With time our Bankers notice that often loans aren’t paid back on time. They decide to reflect the different times taken to repay they should charge interest rather than a fixed fee. The depositors hearing of this move demand a … Continue reading →

PHLs prove a great success. Most people deposit their week of time and the money supply stabilises. Few see any need to redeem PHLs, instead they work for someone else to earn PHLs or have a business that sells something … Continue reading →

Despite believing I had a good understanding of money this exercise took far longer than I expected largely because I tried to think it through with a simpler case “Lordy World” but as I explored the implications of the features … Continue reading →