Why does money lose value?
Why does money lose value?
Why does money lose value?
Prices in pounds only go one way over time. That isn’t an accident of shopping, it’s a feature of how our money works. When more pounds are created, each pound buys a little less. Year by year the effect looks small. Over a working life it’s enormous: the pound has lost roughly nine tenths of its buying power in the last fifty years alone.
Prices in pounds only go one way over time. That isn’t an accident of shopping, it’s a feature of how our money works. When more pounds are created, each pound buys a little less. Year by year the effect looks small. Over a working life it’s enormous: the pound has lost roughly nine tenths of its buying power in the last fifty years alone.
Prices in pounds only go one way over time. That isn’t an accident of shopping, it’s a feature of how our money works. When more pounds are created, each pound buys a little less. Year by year the effect looks small. Over a working life it’s enormous: the pound has lost roughly nine tenths of its buying power in the last fifty years alone.
